SyCipLaw BFS Group Hosts Kapihan on FATCA

June 30, 2015

Photo Caption: Melyjane G. Bertillo-Ancheta, Samuel A. Santiago, Czarina R. Miranda, Charadine S. Bandon, Chester P.R. Abellera, Mia G. Gentugaya, and Rafael A. Morales.

SyCipLaw’s Banking, Finance & Securities (BFS) Group hosted the Kapihan sa SyCip: Roundtable Discussion on the Foreign Account Tax Compliance Act (FATCA) last June 19, 2015 at the 17th Flr. of the SyCipLaw Center.

Bank of America Merrill Lynch Associate General Counsel & Director (and SyCipLaw alumnus) Samuel A. Santiago provided a quick overview on FATCA and shared his observations on global responses. SGV & Co. Partner Czarina R. Miranda presented the initial reaction of the local market and how local entities have so far addressed FATCA. The Department of Finance’s Acting Division Chief of the International Finance Group – Operations and Policy Groups Chester P.R. Abellera and the Bureau of Internal Revenue’s Chief of International Tax Affairs Charadine S. Bandon were also on hand with updates on the intergovernmental agreement on FATCA and to share the directions of implementing legislation. Mia G. Gentugaya and Melyjane G. Bertillo-Ancheta facilitated the panel.

A total of 41 participants from 22 domestic and foreign banks, including the Bangko Sentral ng Pilipinas attended the discussion. Other members of the firm also sat in the discussion. These include SyCipLaw Managing Partner Rafael A. Morales, Corporate Services Head Simeon Ken R. Ferrer, Hector M. de Leon, Jr., Carina C. Laforteza, Benedicto P. Panigbatan, Arlene M. Maneja, and Jose Florante M. Pamfilo.

The Kapihan on FATCA is part of the activities celebrating SyCipLaw’s 70th year anniversary.