Bahrain releases information on FATCA reporting

On 6 October 2016, the Central Bank of Bahrain released a circular to financial institutions stating that it is in the “final stages of reviewing the IGA Agreement” with the United States.  Accordingly, the Central Bank asked all those licensed financial institutions to be prepared to submit their FATCA reports for the 2014 and 2015 calendar years once a reporting date has been announced.

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