With the introduction of AEOI (Automatic Exchange of Information), which includes Due Diligence and Reporting regimes such as FATCA (Foreign Account Tax Compliance Act) and CRS- (Common Reporting Standards) to combat Tax Evasion.

FATCA & CRS Reporting Services:

With the introduction of AEOI (Automatic Exchange of Information), which includes Due Diligence and Reporting regimes such as FATCA (Foreign Account Tax Compliance Act) and CRS- (Common Reporting Standards) to combat Tax Evasion.

This calls for enhanced Compliances requirement due to the complexity involved. We at BAPL have positioned ourselves in rendering Legal Advice and Administrative solutions to clients on all aspects of AEOI in a cost effective and efficient solutions.

Services

• Drafting or Review of Self Certification Forms, sponsored entity agreements and delegation agreements.
• Registering a client with the IRS and obtaining a GIIN (Global Intermediary Identification Number).
• Sponsoring entity services – Taking responsibility for FATCA compliance on behalf of the client, including performing all initial and ongoing due diligence to identify any reportable accounts, GIIN registration and reporting where applicable.

Anti-Money Laundering Services:

To be in Compliance with Global AML Standards is the key issue to industries, which has increase regulatory importance and implementation of international sanctions makes AML Compliance even more important for firms to establish structures which are subject to local AML Legislations in the Jurisdictions where it has been domiciled.

We are BAPL offer Risk Based Cost effective solutions which are made to suit individual client requirements, we assist in:

• Developing and accessing AML and Risk Management Systems:
• Providing qualified, named AML Professional to the position of MLRO (Money Laundering Reporting Officer) or AML Compliance Officer.
• Reporting and Managing Suspicious Activity Reporting Process
• Liaising with Local Regulators.
• AML Inspection annually in testing and evaluating an Internal AML Programme and related controls.
• Conduct AML Audits.

Legal Services with regards to Anti-Money Laundering (AML)/Counter- Terrorism Financing Compliance (CTF):

• Advising on delegation of AML/CTF Procedures
• Know Your Customer (KYC) Due Diligence and customer due diligence best practices
• KYC information verification and screening services