Description |
FATCA Reportable Status |
Type : OLI_LU_FATCASTAT | |||||||||||||||||||||
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Definition |
Status that defines whether the person is considered reportable based on the FATCA rules.The U.S. Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions to document & report sales of insurance to U.S. persons. Regulations require the financial institution to take steps to determine whether the account owner is a U.S. taxpayer at account opening. |
Parents |
Party |