Ernst & Young Urges Banks to Prepare Now For Fatca Despite an Extended Deadline

Ernst & Young is encouraging banks to continue moving forward with Foreign Account Tax Compliance Act (FATCA) preparation due to its significant impact on financial institutions, despite an extended timeline. A lack of preparation is likely to hinder a bank’s ability to effectively meet other compliance efforts and potentially disrupt customer relationships. New York, NY (PRWEB) January 09, 2012 Although the government has now issued an extended implementation deadline, Ernst & Young says banks should remain steadfast in their Foreign Account Tax Compliance Act (FATCA) compliance e

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