Client onboarding, reference data and business research vendor Alacra has added global intermediary identifier numbers (GIINs) to the Alacra Authority File Plus (AAF+), officials say. There are approximately 140,000 institutions with GIINs, which are issued by the Internal Revenue Service (IRS) to foreign financial institutions (FFI) as part of the Foreign Account Tax Compliance Act… Read More >>
Q&A: Are You Ready for FATCA, Phase 2?
(Editor’s note: Firms are moving into the second major phase of meeting the requirements of the Foreign Account Tax Compliance Act (FATCA). FTF News spoke to Micah Willbrand, the London-based director, global AML product marketing at NICE Actimize, about the changes firms are making as a result of FATCA compliance. For now, firms have some… Read More >>
