“In many cases the agreement that countries have insisted on with respect to FATCA is reciprocal. In other words, a country will say that yes they are willing to exchange information on financial accounts with the USA but the key word is ‘exchange’ – that is, in return, US financial institutions must also agree to provide information regarding their clients who are citizens of the country entering into the FATCA agreement with the USA. Imagine the mess this will cause for the large US banks and brokerage firms when they have to start reporting to foreign governments on their accounts for residents of these other countries.”
Why Is My US Brokerage Firm Closing My Account?
- Post author:The Freedom Watch Staff
- Post published:July 3, 2013
- Post category:Network Archives
Tags: Bandit Gang Writ Large, Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, for life and liberty, Fugitive Tax-Slaves, International Living, investment, Land Of The Flea, News Commentary, Resistance, sound money, The Freedom Watch, What Could Possibly Go Wrong
The Freedom Watch Staff
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