Schwab closes TD Ameritrade accounts to new business in four overseas jurisdictions

Charles Schwab has confirmed that it is "making changes" in certain international jurisdictions, as it continues to incorporate the business of its former rival, TD Ameritrade – and that this means that although American clients in certain countries will be allowed to keep their existing accounts, they will "not be able to open new accounts, make deposits, or place 'buy' orders."

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U.S. Senate's Wyden queries Swiss bank over its historic FATCA compliance of billionaire's accounts

Senate Finance Committee Chair Ron Wyden (D-Oregon) has written to a senior official at Mirabaud, a Geneva-based bank, to enquire about the way it complied with FATCA during the time it was looking after money belonging to a U.S. billionaire, who was indicted in October, 2020, by the U.S. Justice Department for various financial offenses, including tax evasion, failure to file Foreign Bank Account Reports, according to documents posted on the U.S. Senate Finance Committee's website.

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Now Lehagre's AAA files 'request for enforcement' with Dutch data protection authority, over FATCA info transfers

The Paris-based Association of Accidental Americans (AAA) said it has today filed a "request for enforcement" with the Dutch Data Protection Authority (Autoriteit Persoonsgegevens), in which it said it is "demanding an immediate halt to the automatic transfer of European citizens’ personal data to the United States," as part of the Dutch government's compliance with the U.S. tax evasion-prevention law known as FATCA.

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AARO's Atkinson: 'Let's take advantage of this rare outreach by a member of Congress'

This coming Monday, Carolyn Maloney, a New York City member of the House of Representatives who is co-founder and chair of the House's Americans Abroad Caucus, will be hosting an online "Town Hall" for expatriate Americans, via Zoom. The event is scheduled to kick off at 5pm London time, noon on the East Coast of the U.S., and other places according to the usual time differences. The registration deadline is Friday (Sept. 17)...

AXFNJ Podcast: John Richardson and Frost Law's Eli Noff look at the filing of 'delinquent' taxpayer info

It's a fact that as the tax and financial reporting obligations imposed by the U.S. government on its expatriates have increased exponentially in recent years, awareness and understanding of them by the average American resident overseas has not kept up. This lack of knowledge, not surprisingly, too often results in significant levels of non-compliance.

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Opinion

AARO's Atkinson: 'Let's take advantage of this rare outreach by a member of Congress'

AARO's Atkinson: 'Let's take advantage of this rare outreach by a member of Congress'

This coming Monday, Carolyn Maloney, a New York City member of the House of Representatives who is co-founder and chair of the House's Americans Abroad Caucus, will be hosting an...

Sep-16-2021