FATCA = Foreign Tax Account Tax Compliance Act
I just opened a POSBKids account for my newborn (jointly with myself as the parent) ... and also sent them a copy of the birth cert and they approved the account.
then last night I received a letter from DBS with a form asking me to declare that we are non US nationals due to the above agreement signed by SG and US govts.
is it that all new accounts in SG must do this self declaration ??
my newborn only got SG birthcert ... where to find non-US passport or identity card to submit ??
and when I opened my DBS account 30 years ago, I am very sure I submitted my Pink IC to them for them to photocopy.
any bank staff here can advise if this is just part and parcel of opening a new bank account now ?
things getting more and more complicated ....