Regulatory Fundamentals Group Launches FATCA Watch™

NEW YORK, April 3, 2013 /PRNewswire/ -- The Regulatory Fundamentals Group (RFG), a New York-based firm that provides strategic business and regulatory insights for alternative funds, institutional investors and their advisors, announced today the release of FATCA Watch™, a customized "issue spotting" tool to help advisers and fund managers quickly determine their exposure to the Foreign Account Tax Compliance Act, known as FATCA.

Implemented as a way to reduce tax evasion that may occur when income generated in the U.S. is transferred outside the country, FATCA imposes new due diligence, reporting and withholding requirements that will ultimately impact a broad range of companies and individuals both in the U.S. and abroad.  FATCA, which will become effective in 2014, seeks to improve the tax compliance of US persons who hold offshore financial accounts.  Advisers and funds may face FATCA compliance issues both on US-sourced income they pay to non-US parties and on US-sourced income they receive.   

"RFG can now provide an intuitive, user-friendly way to address concerns about FATCA efficiently and accurately," said Deborah Prutzman, CEO and founder of RFG. "Funds and managers who use FATCA Watch™ can materially reduce expenses on outside advisers.  At the same time, they will bring a level of competence and understanding to internal staff who are responsible for addressing the issues and overseeing outside vendors, but who do not have time themselves to become experts in this area."

RFG's FATCA Watch™ walks an adviser, private equity fund, hedge fund or any controlled business through a customized discussion of relevant issues.  FATCA Watch™ is available to managers and advisers for a limited time at an introductory rate as part of the service's launch.

In offering FATCA Watch™ RFG addresses a top concern of fund directors as reported in a recent poll conducted by DMS Offshore Investment Services.   Designed to provide insight into fund governance topics, trends and frequent questions, the poll indicates that more than a third (38%) of directors said FATCA is the number one new regulation that most concerns them, beating out both AIFMD and SEC/CFTC registration concerns. (View the poll)  

About RFG
RFG pioneers cost-effective business solutions for alternative asset funds, advisors and investors in a heavily regulated world.  Through a cloud-based risk management platform, RFG identifies key opportunities and vulnerabilities from business and regulatory perspectives and provides counsel, insights and creative solutions.  RFG Pathfinder® is an intuitive platform that simplifies and explains legal and contractual requirements and tags them to relevant roles in an organization, which enables managers and investors to identify key risks.  RFG Watch® is an interactive regulatory and risk assessment update service that allows clients to determine whether a change applies to them and, if so, how to respond.  For more information, call RFG at (212) 537-4058 or visit www.RegFG.com.

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