Example 1: US Person Account Screening
Input:
{
"request_type": "us_person_screening",
"screening_date": "2024-04-20",
"account_holder": {
"account_id": "ACC-789456123",
"customer_id": "CUST-456789",
"account_type": "savings",
"account_balance": 150000,
"currency": "EUR",
"opening_date": "2023-02-15"
},
"personal_information": {
"full_name": "Maria Gonzalez Rodriguez",
"birth_date": "1985-07-12",
"birth_place": "Barcelona, Spain",
"nationality": ["Spanish"],
"residence_address": {
"street": "Carrer de Balmes 123",
"city": "Barcelona",
"country": "Spain",
"postal_code": "08008"
},
"mailing_address": {
"street": "1234 Ocean Drive",
"city": "Miami",
"state": "FL",
"country": "USA",
"postal_code": "33139"
},
"contact_info": {
"phone": "+1-305-555-0123",
"email": "[email protected]"
}
},
"account_activity": {
"wire_transfers": [
{
"date": "2024-03-15",
"amount": 25000,
"origin": "US Bank Account - Chase Manhattan",
"purpose": "Property investment"
}
]
}
}
Output:
{
"screening_id": "FATCA-SCREEN-2024-04-20-001",
"us_person_determination": {
"classification": "REPORTABLE_US_PERSON",
"confidence_level": "HIGH",
"reason": "Multiple US indicia identified"
},
"indicia_analysis": {
"us_indicia_found": [
{
"type": "us_mailing_address",
"description": "Mailing address in Miami, Florida, USA",
"weight": "HIGH",
"requires_documentation": true
},
{
"type": "us_phone_number",
"description": "Phone number with US country code (+1-305)",
"weight": "MEDIUM",
"requires_documentation": true
},
{
"type": "transfers_from_us_account",
"description": "Regular wire transfers from US bank account",
"weight": "MEDIUM",
"requires_documentation": true
}
],
"curing_documentation": {
"required_forms": ["Form W-8BEN", "Certificate of Loss of Nationality"],
"deadline": "2024-05-20",
"status": "PENDING"
}
},
"due_diligence_requirements": {
"enhanced_due_diligence": true,
"documentation_requests": [
{
"document_type": "proof_of_non_us_status",
"acceptable_documents": [
"Certificate of Loss of US Nationality",
"Form W-8BEN with non-US tax residency certificate"
],
"deadline": "30_days"
},
{
"document_type": "address_verification",
"description": "Explanation of US mailing address relationship",
"deadline": "15_days"
}
]
},
"compliance_actions": {
"immediate_actions": [
"Flag account for FATCA reporting",
"Request self-certification documentation",
"Implement enhanced monitoring"
],
"reporting_obligations": {
"form_8966_required": true,
"reporting_year": 2024,
"estimated_reporting_amount": 150000,
"withholding_requirements": "TBD_pending_documentation"
}
},
"risk_assessment": {
"compliance_risk": "MODERATE",
"documentation_risk": "HIGH",
"penalty_exposure": 12000,
"mitigation_plan": "Obtain proper documentation within 30 days"
}
}
Example 2: Form 8966 FATCA Reporting Generation
Input:
{
"request_type": "form_8966_generation",
"reporting_year": 2024,
"financial_institution": {
"fi_name": "European Investment Bank SA",
"fi_giin": "ABC123.99999.SF.756",
"fi_type": "reporting_model1_ffi",
"country_code": "CH",
"iga_type": "model1"
},
"reporting_pool": [
{
"account_number": "ACC-001",
"account_holder_type": "individual",
"us_person": true,
"tin": "123-45-6789",
"tin_type": "SSN",
"name": "John Smith",
"address": {
"street": "123 Main St",
"city": "New York",
"state": "NY",
"postal_code": "10001",
"country": "US"
},
"birth_date": "1980-05-15",
"account_balance": 250000,
"account_payments": [
{"payment_type": "dividend", "amount": 8500},
{"payment_type": "interest", "amount": 2800}
]
},
{
"account_number": "ACC-002",
"account_holder_type": "entity",
"entity_type": "passive_nffe",
"controlling_persons": [
{
"us_person": true,
"tin": "987-65-4321",
"name": "Sarah Johnson",
"ownership_percentage": 35
}
],
"account_balance": 500000
}
]
}
Output:
{
"reporting_id": "8966-2024-001",
"form_8966_summary": {
"total_accounts_reported": 2,
"total_account_value": 750000,
"reporting_fi_giin": "ABC123.99999.SF.756",
"submission_date": "2024-03-31",
"xml_file_generated": true
},
"account_reports": [
{
"account_number": "ACC-001",
"report_type": "FATCA-1",
"account_holder": {
"name": "John Smith",
"tin": "123-45-6789",
"address_type": "residence_address",
"us_person_indicator": "Y"
},
"financial_information": {
"account_balance": 250000,
"currency": "USD",
"payment_summary": [
{
"payment_type": "DIV",
"payment_amount": 8500
},
{
"payment_type": "INT",
"payment_amount": 2800
}
]
}
},
{
"account_number": "ACC-002",
"report_type": "FATCA-2",
"account_holder": {
"entity_name": "Investment Holdings LLC",
"entity_type": "NFFE",
"substantial_us_owners": [
{
"name": "Sarah Johnson",
"tin": "987-65-4321",
"ownership_percentage": 35
}
]
},
"financial_information": {
"account_balance": 500000,
"currency": "USD"
}
}
],
"xml_output": {
"file_name": "8966_ABC123.99999.SF.756_2024.xml",
"file_size": "24KB",
"validation_status": "PASSED",
"irs_submission_ready": true,
"batch_id": "BATCH-2024-001"
},
"compliance_validation": {
"mandatory_fields_complete": true,
"data_quality_score": 98,
"validation_errors": [],
"submission_deadline": "2025-03-31",
"days_until_deadline": 345
},
"next_steps": [
"Submit XML file to IRS FATCA portal",
"Retain documentation for 6 years",
"Schedule follow-up for account monitoring",
"Update internal reporting for next year"
]
}