Fatca reciprocity agreement may cause delays, experts warn

American flag

Challenges from US firms could result in further delays to the US Foreign Account Tax Compliance Act (Fatca), according to legal and accounting experts.

The act, requiring foreign banks to identify and report on US account holders, has led to foreign governments pressing for a quid pro quo arrangement, in which US banks would be subject to similar reporting requirements. An intergovernmental agreement with five European Union countries – France, Germany, Italy, Spain and the UK – was proposed in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: