Sweden recently entered into an intergovernmental agreement (“I.G.A.”) with the U.S. to address the application of F.A.T.C.A. to Swedish financial institutions. The subsequent modifications to Swedish law to accommodate the I.G.A. were made public on August 11, 2014 in a proposal by the Ministry of Finance.102 The proposal added numerous modifications to the requirements for compliance and published the reporting forms that will be due starting next year. Read more by clicking the link to the right.
The article is taken from The Ruchelman Law Firm’s Insights Vol. 1 No. 8. You can read the complete newsletter by clicking the link to the right.