There are a number of substantial changes being made by financial regulators, governments and banks, to ensure the protection and long-term safety of both the financial system and our customers' interests.
One of these regulations,which is a United States (US) legislation that aims to prevent US persons (both individuals and entities) from avoiding US taxation on their income and assets, is the Foreign Account Tax Compliance Act (FATCA), effective date 1 July 2014.
FATCA will affect many on HSBC Bank A.S. personal and business customers as much as local regulations allow. The degree to which customers will be affected will vary across the bank, depending on the type of account, policy or agreement they hold with HSBC Bank A.S.
In order to see the impact on HSBC Personal Customers please click here.
In order to see the impact on HSBC Business Customers please click here.
In order to see the impact on HSBC Global Banking Customers please click here.
HSBC Bank A.S.