All you need to know about FATCA: Deadline, procedure and details

Your bank account and other financial transactions like mutual funds need to be compliant with The Foreign Account Tax Compliance Act (FATCA). Non-compliance would lead to blocking of accounts.

The Foreign Account Tax Compliance Act (FATCA) is a United States federal law that requires United States persons, including U.S. citizens who live outside the United States, to report their financial accounts

FULL ARTICLE http://www.thehindu.com/business/Industry/all-you-need-to-know-about-fatca-deadline-procedure-and-details/article18404880.ece

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