FATCA Compliance

Boccard is required to comply with the United States Foreign Account Tax Compliance Act (FATCA) and is a Foreign Financial Institution (FFI) under the definitions set out in FATCA. This includes filings of Form 8938 and Form 114.

If you are a US Person under the definitions set out in FATCA, you are required to file Form 8938 annually if you have $50,000 or more in assets under management with Boccard at the end of each year.

If you are not a US Person, you are required to certify your non-US tax status by filing Form W8-BEN (for individuals) or W8-BEN-E (for entities) at the time of account opening.

Please note that non US Persons who have FATCA indicia, i.e. being born in the US, having a US residential or mailing address, or frequent wire transfers to and from bank accounts in the US, may be subject to additional KYC procedures to verify their non-US tax domicile status.

For additional information on Boccard policies and procedures for FATCA compliance, please speak to your Relationship Manager.

Additionally, if you are not a US Person but has significant business ties to the US, we strongly recommend speaking to an independent attorney to clarify your rights and responsibilities regarding FATCA.

Copyright 2022, Boccard Asset Management Limited. Incorporated in the British Virgin Islands.

Expiration: 31/12/2026 Approval Date: 01/09/2023 Review Code: KS3665333

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