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key challenges FATCA implementation presents several challenges the challenges that financial institutions are likely to face with their FATCA implementation effort are there will be budget and time constraints siloed and disparate systems may make extra cating and integrating the required data difficult there may be data quality issues with existing and new information repository and retrieval systems for documents may be ineffective staff might have limited technology or domain expertise in fact specific procedures it could be difficult obtaining required information or documents for due diligence for pre-existing customers timelines for completion of remediation activity and FATCA reporting may add present binding constraints on scheduling other factors will also influence the degree of how challenging FATCA implementation will be such as the existing overlap with know your customers and anti-money laundering processes the types of customer profiles of the institution the types of b