Under the FATCA provisions, AXA Mansard must agree to:
• Undertake comprehensive documentation review (customer information and request additional documentary evidence) to identify US persons for new customers from 1 July 2014 onwards and for existing customers over an extended period
• Report to the IRS on US customers identified (individually) and those refusing to provide necessary documentation on an aggregate basis (referred to as “recalcitrant accounts ”) – first report to be due end of June 2015.
• Withhold 30% of US source income on recalcitrant customers as well as non-participating FFIs from 1 July 2014 onwards
Kindly download the listed forms which are applicable for FATCA implementation.