AMP Capital Modern Slavery Statement
Here is our statement and position on Modern Slavery, which details the steps we have taken and our continued approach to addressing Modern Slavery risk in our supply chain and any part of our broader business.
FATCA & CRS
FATCA (Foreign Account Tax Compliance Act) is a US driven regulatory requirement being implemented globally, aimed at ensuring US taxpayers do not avoid paying tax on income earned outside of the US.
CRS (Common Reporting Standards) is a new set of regulations that have been developed as a single global standard for exchanging foreign tax resident information between tax authorities worldwide.
The UK Financial Conduct Authority (FCA) has set a 31 December 2021 deadline as the date banks on the LIBOR panel will no longer be compelled to quote LIBOR benchmark prices. The London Interbank Offered Rate (LIBOR) is calculated from market trades and “expert opinions” via submission from a panel of banks intended to reflect the unsecured rates they will borrow and lend to each other. Many investment funds purchase and hold securities linked to LIBOR that contribute to the fund valuation and returns.