Lorena P., Bank in South America

“We had a situation where the IRS was not satisfied with our self-certifications of compliance as a participating FFI. Unexpectedly, the IRS asked us for corrections to previously submitted FATCA reports, validation of clients’ TINs, copies of various withholding certificates in our local equivalent (which had to be translated into English), and copies of our FATCA policies and procedures. Fortunately, Foodman helped us correct everything mentioned, including refocusing and updating our FATCA Procedures Manual and compliance with the law.”

— Lorena P., Bank in South America