No problemOk, can you show the document of FACTA and precise paragraph which states what information is AUTOMATICALLY exchanged at end of year. Where is this said?
Article 2 of the FATCA agreement i.e UK/US FATCA agreement (Same for all EU agreements with US)
"1. Subject to the provisions of Article 3, each Party shall obtain the information specified in paragraph 2 of this Article with respect to all Reportable Accounts and shall annually exchange this information with the other Party on an automatic basis pursuant to the provisions of Article 27 of the Convention."
The whole discussion we had on another thread a while ago btw.
Euro Pacific Bank EPB vs uphold.com