Foreign Account Tax Compliance Act (FATCA) is a U.S. law designed to prevent tax evasion by U.S. taxpayers through the use of offshore accounts and companies. FATCA is generally focused on “foreign financial institutions” such as banks, custodians, trust companies, life insurance companies and asset management firms. However, FATCA also affects insurance clients, insurance brokers and insurance carriers.

FATCA is a complex law. Please consult your tax advisor to determine how FATCA may apply to your situation. In order to assist our clients and their obligations under FATCA legislation we are making available our form for downloading:

Alesco Risk Management Services Limited

For any FATCA related questions and any issues relating to FATCA forms please contact us.

Latest News & Insights

Insight

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Media & Entertainment: Live Streams & COVID19 July 2020

As you are aware, this has been a year with a series of firsts for the population - ‘Coronavirus’, ‘COVID-19’, social distancing and ‘furlough’ to name a few. Similarly, most of the world’s beloved events have also seen a series of firsts with many being cancelled for the first time since wartime.

Whilst many of us crave sporting and cultural events, the shift to streamed performances has also seen a shift in the huge volume of trade conferences and events being held virtually.

In this article, we explore the future of online events, the impact they can have on your bottom line, and key risks to consider when thinking about protecting and insuring streamed events.

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Insight

10 Jun 2020

Energy Market Update June 2020

In our latest update, we delve into the outlook, key trends and losses affecting upstream, downstream, midstream, renewables and power insurance sectors including the sharp decrease in oil prices and its impact on various industries, as well as examining the continued impact of COVID-19 and how industries are adapting.

We hope that you find this update useful and insightful and of course, please don’t hesitate to get in touch if you wish to discuss in greater detail.


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