Recent content by lopezzz

My issue is more : do they have an interest in reporting all clients ? Or is there a cost to report a client with less than 250k USD and banks will not do it now. (or don't want to do it)

Hi guys We can read : Unless election is made by a reporting financial institution, a pre-existing entity account with an aggregate account balance or value that does not exceed USD$250,000 as at 31 December of each year or the last day of other appropriate reporting period is not required to...