Dominican banks required to report on US citizens' holding

[bob saunders]

Cédula shows your place of birth.

and your point is?

 

[SomebodySmart]

and your point is?

Cédula shows your place of birth. This means when you open an account with your cédula, the bank is thereby informed if you were born in USA, and they are required to report it unless you also provide a Certificate of Loss of Nationality. There is a lot to FATCA and the material is available through ISAACBROCKSOCIETY.CA

 

[SomebodySmart]

For them to report it they would need you to fill out a form including your SS number. If no one asks you to fill out a form then I would assume that they are not reporting it.

If you are a US Person they make you fill out IRS Form W-9. The process is governed by an Inter-Governmental Agreement (IGA) which is not a treaty and is not ratified by the US Senate. Countries with constitutions that forbade the transfer of this private information were told to amend their constitutions. The IGA between Dominicana and USA is at

https://www.treasury.gov/resource-c...TCA-Agreement-DominicanRepublic-9-15-2016.pdf