... nce Act – FATCA. It required foreign banks to share details about US clients. A few years later the OECD developed the Common Reporting Standard for the Automatic Exchange of Information (AEOI) on tax ...More
EJ Insight2017-02-27
... ance Act (FATCA) is national legislation but applies to non-US financial institutions, requiring them to report details about their clients who are American. The penalties for non-compliance are so h ...More
EJ Insight2016-09-23
... ance Act (FATCA), which the US enacted in 2010, all financial institutions outside of the US are required to regularly submit information on financial accounts held by US persons to the US Internal Re ...More
EJ Insight2014-06-30
