Russian law permits banks to send information to US to meet FATCA requirements

July 1, 2014 Americas, Europe, FATCA/CRS

A Russian law, signed June 30, gives financial institutions the right to pass information about U.S. taxpayers to the IRS to satisfy FATCA requirements, but only after first sending the information to Russian authorities and only if the taxpayer gives permission for the information transfer, reports Delphine d’Amora of The Moscow Times.

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