“Until a few weeks ago, I was living under the assumption that by now everyone knew about the Foreign Account Tax Compliance Act (FATCA) and had a broad understanding of its implications. I realized, though, that I was wrong. FATCA is generally understood by non-US financial institutions; they are directly impacted by the rules and are trying to cope with its enormous administrative and legal requirements. But private investors are frequently not even aware of the regulatory monster preparing to invade.”

http://www.thedailybell.com/28116/Frank-Suess-How-Does-FATCA-Impact-You

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