Foreign Account Tax Compliance Act (FATCA)
The Foreign Account Tax Compliance Act (FATCA) was enacted by the United States (US) and requires all financial institutions to identify and report members who may be US residents (including US citizens for tax purposes) to the Inland Revenue.
If we are unable to clearly determine US residency for tax purposes, we are required to obtain further information.
We've put together some FAQ's to help you better understand FATCA and your obligations. Click here to read them.