Ad  Behind the Markets

Man Who Predicted 2008 Crash Issues New Warning:

"We face a widespread collapse unlike anything we've seen in our lifetimes.

By taking 4 simple steps today you can stay safe from the coming catastrophe.

Which is why I want to rush you my new book,
'Midnight in America', FOR FREE."

Download your free book here.

Switzerland, US agree on exchange of financial account data

ZURICH (Reuters) – Switzerland and the United States signed an agreement on Thursday for a mutual exchange of financial account data, the Swiss Federal Department of Finance said.

Switzerland currently provides financial account data to the United States on a unilateral basis, but in future, it will also receive corresponding information from the United States within the framework of an automatic exchange of information, Bern said.

The change is expected to apply from 2027.

The Foreign Account Tax Compliance Act (FATCA) is a set of US regulations that has applied worldwide for all countries since 1 January 2014.

(Reporting by Noele Illien; Editing by Madeline Chambers)