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16 Jan 2014, 1:03 pm by Lathrop B. Nelson, III
According to my partner, Gary Edelson, in addition to banks such as UBS which have previously fervently guarded their client lists, countries which had a nearly-glamorous reputation for banking privacy, like Switzerland and the Cayman Islands, have entered into agreements with the US under the Foreign Account Tax Compliance Act (FATCA), which provides for the sharing of banking information with other nations. [read post]