US and San-Marino sign FATCA Model 2 IGA

The US Treasury Department has updated its FATCA website, reporting that San Marino and the US signed a Model 2  intergovernmental agreement (IGA) as of October 28. A Model 2 agreement requires financial institutions to disclose account details directly to the US tax authority with the consent of the US clients concerned.

The text of the IGA is available.

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