FATCA UK Inter-Governmental Agreement SpecifiedPersons Guidance Note

Mon 12 October 2015

Richmond Fiduciary Group Limited has a duty to identify UK clients for the purposes of reporting under the Inter-Governmental Agreement (“IGA”) signed on 22 October 2013 with the United Kingdom (“UK”) which became in force with effect from 29 July 2014. The IGA is a UK automatic exchange agreement aimed at foreign financial institutions i.e. Richmond Fiduciary Group Limited and joint licensees (“Richmond”) and other financial intermediaries to prevent tax evasion by UK citizens and residents through the use of offshore accounts.

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