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> Not easy. In fact, damn near impossible. Simply not true. FATCA is a thing, and the USG is comfortable hammering foreign banks for info. It's a lot harder
by blaser-waffle 7y ago
> Not easy. In fact, damn near impossible.
Simply not true. FATCA is a thing, and the USG is comfortable hammering foreign banks for info. It's a lot harder with China, but they absolutely comply: https://www.china-briefing.com/news/china-agrees-fatca-compliance/ https://www.china-briefing.com/news/china-agrees-fatca-compl...
This is also why that Chinese money goes to Canada (esp. Vancouver) -- the Canadian government doesn't dig as hard.
- koheripbal 7y agoI don't see how FACTA is relevant here. 1. FACTS doesn't report domestic accounts that are funded by foreign sources. 2. Harvard didn't catch this - the DoD did. The point is that other schools could not possibly detect this sort of behavior unless it becomes as wildly blatant as this guy did it.