FATCA

The US Foreign Account Tax Compliance Act.

FATCA is designed to combat tax avoidance and tax evasion by United States taxpayers, through their holdings of bank accounts and other financial assets outside of the US.

FATCA imposes reporting, compliance and withholding tax obligations on non-US financial institutions and groups.

See also

• Dodd-Frank
• EMIR
• Grandfather
• Know-your-customer
• MiFID
• Withholding tax