GRAND CAYMAN, Cayman Islands, March 18, 2015 /PRNewswire/ -- DMS Offshore Investment Services Ltd., (DMS) the world's largest fund governance firm, is expanding its International Tax Compliance Group to better serve private investment funds in meeting their compliance obligations under various international tax initiatives worldwide.
DMS announces the recent addition of Roman Ipfling, former U.S. Tax Manager at KPMG in the Cayman Islands to its International Tax Compliance Group (ITC).
Mr. Ipfling is Global Co-Lead of the DMS ITC Group responsible for management operations, systems and reporting. Peter Stafford, attorney-at-law, remains Global Co-Lead of the Group.
Today, the DMS ITC Group is a dedicated, specialist team of attorneys, accountants and compliance experts devoted to serving more than 600 private investment structures in complying with their obligations under the U.S. Foreign Account Tax Compliance Act (FATCA) and other international tax information initiatives.
The ITC Group began as DMS FATCA Task Force during 2010 when FATCA was enacted, and was tasked with engaging in comprehensive research and formulating ideas and technology solutions to address FATCA's implications for non- U.S./foreign financial institutions.
With the implementation of FATCA and with the rapid development of other international tax information compliance initiatives, DMS ITC Group has developed best practices and leading-edge technology to deliver a comprehensive range of practical and efficient solutions to comply with global tax information regulations, including U.K. FATCA, Cayman's IGAs with both the U.S. and U.K., and the OECD's Common Reporting Standard (Global FATCA).
"Roman's addition to DMS ITC Group will strengthen what is already the largest, most experienced international tax information services team in the industry and we are very pleased that he has chosen to join the firm," stated DMS Chief Executive Officer Anne Storie.
"With Roman's FATCA expertise, tax credentials and proven leadership in the global financial sector, we expect the DMS ITC Group will continue to develop even more groundbreaking tax information compliance solutions, as new regulations come on stream. We will continue to offer Cayman Islands investment funds balanced insight, practical advice and the full range of services to comply with all relevant laws and reporting standards," she added.
DMS Offshore Investment Services Ltd. (DMS) is the worldwide leader in fund governance with more than 225 professionals representing leading investment funds with assets under management exceeding $330 billion. DMS provides trusted and comprehensive Fund Governance, FATCA, AIFMD, Banking + Custody, Trust, Corporate and Outsourcing solutions that support investments across a range of structures, and diverse investment strategies.
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SOURCE DMS Offshore Investment Services Ltd.