FATCA prompts financial advisers to scrutinize clients' holdings

03/12/2012 | Wall Street Journal, The

The Foreign Account Tax Compliance Act is scheduled to take effect this year. FATCA is prompting financial advisers to delve more deeply into the offshore holdings and foreign bank accounts of their clients. "If you have any client with a hint of a foreign connection, proceed with great caution," said Leigh-Alexandra Basha of Holland & Knight. Learn more about FATCA.

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