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Old 04.10.2013, 13:27
runningdeer runningdeer is offline
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Re: Credit suisse - W9 form and waiver forms

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So does FACTA even target small, local banks??


If you read up on the FATCA law, regs., etc.. it is because they don't have to target, it is done by design. FATCA compliant banks, i.e. UBS, are denied being intermediaries or doing business with non-FATCA banks. Thus, the options are made pretty clear.

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Or are these the ones that are running scared and denying accounts without evening mentioning the form?
Generally they've already axed the americans, too dificult and costly to comply. Easier to shut the door than do all the paperwork.
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