FATCA leads many banks to jettison U.S. clients

09/16/2013 | CNNMoney

The Foreign Account Tax Compliance Act, which goes into effect next year, is leading many foreign banks to jettison their U.S. customers to avoid having to comply with the law's complex requirements. Compliance is expected to cost institutions millions of dollars a year. Americans overseas are getting locked out of basic financial services.

View Full Article in:


Published in Brief: