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FA P C C I Review 31 July 2007 CONTENTS ESD. 1917 An ISO 9001 : 2000 Organization President Atari Sub Ran Senior VicePresident Suraj Prasad Agarwal VicePresident K. Harishchandra Prasad Managing Committee
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FAPCC stands for Foreign Account Tax Compliance Act (FATCA) Preexisting Compliane Certificat. It is a form that certain foreign financial institutions are required to file.
Financial institutions outside the United States that have financial accounts held by U.S. persons or foreign entities with substantial U.S. ownership are required to file FAPCC.
FAPCC can be filled out electronically through the IRS FATCA Online Registration System.
The purpose of FAPCC is to ensure compliance with FATCA regulations and report information on U.S. account holders to the IRS.
FAPCC requires reporting on the accounts held by U.S. persons or foreign entities with substantial U.S. ownership, as well as information on the financial institution itself.
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