Interim Assessment of FATCA Implementation during Organizational Reorganization at an Global Universal Bank

As part of an organizational reorganization at a European universal bank, the responsibility for FATCA is being redefined. To ensure a smooth transition, LKPU is conducting an assessment of the current implementation status and associated risks within a limited timeframe.

• Project management, ensuring effective coordination and execution of assessment activities.
• Coordination and Execution of Workshops/Interviews with relevant stakeholders to gather insights and assess the current state of FATCA implementation.
• Analysis of functional, technical, and organizational aspects of the project, evaluating the effectiveness and efficiency of the current implementation.
• Quality Assurance of IT and Business Architecture related to FATCA, identifying any areas that require improvement or remediation.
• Coordination of FATCA subject matter experts to provide guidance and support during the functional and technical analysis phase.
• Preparation and Presentation of Evaluation and Final Report that consolidates the findings from the assessment, highlighting the implementation status and associated risks.
• Present the final report to the tax department management, providing actionable insights and recommendations.

Through our comprehensive assessment, LKPU aims to provide valuable insights into the FATCA implementation status and associated risks. By conducting workshops, analyzing project characteristics, and ensuring quality assurance of IT and business architecture, we are facilitating the smooth transition of FATCA responsibilities within the European universal bank.