What is the full form of FATCA? A. Forex Account Tax Compliance Act B. Foreign Account Tax Compliance Act C. Forex Account Total Compliance Act D. Foreign Account Total Compliance Act

1 Answer

Answer :

B. Foreign Account Tax Compliance Act Explanation: The Foreign Account Tax Compliance Act (FATCA) is a 2010 United States federal law to enforce the requirement for United States persons including those living outside the U.S. to file yearly reports on their non-U.S. financial accounts to the Financial Crimes Enforcement Network (FINCEN).

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