US Compliant Investments

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Fully Independent

As of 31st December 2012, all foreign banks and financial institutions have a legal obligation to disclose the balance and assets of any American clients to the IRS (following the implementation of the Foreign Account Tax Compliant Act, or FATCA).

FATCA stipulates that American citizens living abroad cannot invest in any form of PFIC (or Passive Foreign Investment Company); this includes funds, unit trusts and certain pension arrangements, and is unsurprisingly a complex subject.

Since FATCA’s introduction however, a number of providers have worked to play within the new rules, and it is now possible for American citizens living internationally to access a limited number of US-compliant investments.