Fiserv: Your technology stack for FATCA compliance - Part 2

Let AML monitoring find the FATCA needles in your haystack

FATCA and the Model IGAs define certain thresholds that determine the relevance of new accounts and the level (and timing) of scrutiny required for pre-existing accounts. For example, under IGA, a new individual customer is not relevant until and unless the aggregated balance of their depository accounts exceeds $50,000 on the last day of a given calendar year, beginning with 31 December 2014. Only when that threshold is met do you