Recent content by Alembic

Very simple question: if I obtain US residency or citizenship, will my home country know about it? Opening a bank account as a US resident/citizen shouldn't trigger any reporting as I would be be considered a US person for tax purposes, which would be correct. I haven't lived in my home country...

A UK/US dual citizen opening a bank account in the UK could simply provide their UK driver's license and a utility bill as proof of residence; the bank would have no idea they are also a US person. Alternatively, the dual UK/US resident could obtain US residency after having opened said bank...

Hello A recent situation got me thinking about the implications of FATCA for those who have dual residency or citizenship. As I understand, the U.S. only becomes aware of a resident's foreign bank account in two ways: 1. The resident willingly discloses the account through self-reporting, i.e...