The biggest sea change is FATCA, a 2010 law that takes effect in 2014. It’s the reason overseas banks are asking questions about who is American. Here are 7 sins to avoid: ...

In October 2013, only six months after Francis took office, the Vatican Bank released its first ever annual report.We know from that disclosure that the bank maintains about 33,000 accounts for ...

Mumbai: The Income Tax Department on Tuesday made it mandatory for bank account holders to self-certify their accounts by April 30. The new ruling applies to accounts that were opened between July ...

LOYAL BANK was registered with the IRS as a Foreign Financial Institution (FFI) under FATCA (GIIN 9V4NLM.00000.LE.670). Loyal Bank is registered in Saint Vincent and the Grenadines which has an ...

FATCA requires any non-U.S. bank to report accounts held by American citizens worth over $50,000 or else be subject to 30% withholding penalties and possible exclusion from U.S. markets.

(Bloomberg) The Internal Revenue Service initially will make limited use of information supplied by other governments about U.S. citizens’ offshore holdings because of budget constraints, Commissioner ...

Bank accounts that were opened between July 1, 2014 and August 31, 2015 and are yet to be FATCA (Foreign Account Tax Compliance Act) compliant will be blocked from today.. Earlier, the Income-Tax ...