What does FATCA mean?

Our cooperation partner, Solarisbank, as a regulated financial institution, is required to provide the United States Department of Treasury and the Internal Revenue Service (IRS) with information about customer accounts of U.S. taxpayers or foreign entities that are of material interest to U.S. taxpayers under FATCA. FATCA is an acronym for Foreign Account Tax Compliance Act and is a legislation designed to prevent tax evasion. You can find more information about FATCA on the IRS website: www.irs.gov