Regulatory Alerts2013-08-19
Added · Updated
Foreign Account Tax Compliance Act in the U.S.
The Hong Kong Monetary Authority issued this circular to inform all authorized institutions about the Foreign Account Tax Compliance Act in the United States. The document highlights the regulatory implications of the US legislation for financial institutions operating within the jurisdiction. It serves as a reference for compliance with tax matters related to anti-money laundering and counter-financing of terrorism standards.
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