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I am a US person. Does FATCA affect me?

Last updated: Oct 21, 2026, 17:46 (UTC+08:00)

Yes. Under FATCA, foreign banks report accounts of US persons to the IRS, and US persons may also need to report foreign accounts and assets themselves. Your bank will ask for a US tax form when you apply.

Source: IRS, Foreign Account Tax Compliance Act

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