2015-01-27 | FPR/DIR/GEN/CIR/04/004

Circular to all Banks, Discount Houses and Other Financial Institutions on Compliance with the United States of America's Foreign Accounts Tax Compliance Act (FATCA) 2010

The circular informs banks, discount houses, and financial institutions about the US Foreign Accounts Tax Compliance Act (FATCA), which took effect in 2014. It advises them to comply with FATCA, which requires foreign financial institutions to provide information to the US IRS about US taxpayers' accounts. Institutions should be mindful of their duty of care and confidentiality when complying with FATCA.

Nigeria

Central Bank of Nigeria

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