The Organization for Economic Co-Operation and Development or OECD is comprised of 35 member nations including the United States, almost all of Europe, Canada and Mexico, Australia, Turkey, Korea and Japan have ordered banks to implement new procedures. Letters are going out around the world from global banks warning customers...
Should US Expats Own Foreign Mutual Funds
US expats have been under some extreme hardships as a result of FATCA and the requirements to provide clear documentation of the "beneficial ownership interest" in all of their offshore bank and investment accounts. This allows the IRS to track specific accounts, transactions and balances to the unique social security...