Loading ...Re: FATCA
Bill,
This is apparently already in effect. Monday I transferred a few thousand dollars from my Tulsa account to my French bank, using a very good service called TransferWise. They couldn’t complete the transfer and have created a nightmare situation for me because the transfer came from my US checking account, which also has my company name on it. This puts it into a whole new category that FATCA scrutinizes carefully. The European and other international banks are running scared over this US overreach. It bodes not well for the future.
DD