How Safe Is Your Offshore Account Data? It’s Not
Readers of our blog know that we are always following reports of data leaks and breaches, especially when they concern foreign bank accounts or tax information. Several countries openly pay bank employees to steal and disclose otherwise confidential account information. Those governments aren’t looking to hack accounts or steal; instead they want to know who has an unreported offshore account. While the U.S. won’t pay bankers to “steal” information, they certainly are willing to.. Continue reading this post at our award winning blog and find many other FBAR, FATCA and offshore tax posts at Due Diligence.