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FATCA will affect how Latin America’s wealthiest invest, say prominent bankers. By Jaime Mejia Latin American cash outflows to overseas financial centers are about to face one of their biggest obstacles of the past few years as the United States’ new Foreign Account Tax Compliance Act (FATCA) comes into force. That is the consensus of the wealth managers who gathered at the Wealth Management Forum in Miami last September. The event was organized by the Florida International Bankers Association(FIBA), the organization that brings together specialized private banking and wealth management institutions from around the world. FATCA is a U.S. Internal […]
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