Category: Business, Law Services, Services

Compliance is an essential component for global-investment as well as cross-border financial activities. The most important financial regulations that NRIs are affected by is the Foreign Account Tax Compliance Act (FATCA) which is a US law that tracks overseas financial assets which are held by US persons. NRIs initially assume that this law does not apply to them, it is on the contrary, as providing FATCA details have become a standard requirement across various Indian Banks as well as Mutual Fund Platforms. Read the full blog: https://wealthmunshi.com/what-is-fatca-and-tax-payer-identification-tin-for-nris/