Estimate the costs of FATCA compliance for your financial institution based on account types, reporting requirements, and compliance complexity.
Compliance Parameters
0
5,000
100,000+
Initial Setup Cost
$15,000
Annual Compliance Cost
$8,500
Cost per Account
$1.70
Cost Breakdown
Due Diligence
$4,250
Reporting & Documentation
$2,550
Systems & Technology
$1,275
Training & Support
$425
Cost Distribution
$8,500
Annual Total
Due Diligence
Reporting
Systems
Training
Cost by Institution Size
Small
Medium
Large
Global
Cost Optimization Recommendations
Consider automating due diligence processes to reduce manual review costs.
Implement batch processing for similar account types to streamline reporting.
Leverage existing compliance frameworks to minimize setup costs.