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Posts Tagged ‘Transaction Account Guarantee’

Miami’s international banking clients move money to protect financial privacy

July 30th, 2012

Under new IRS disclosure regulations, details about U.S. bank accounts held by foreign nonresident depositors could be shared with their home governments. As a result, bankers say hundreds of millions of dollars have left Florida since April. Miami’s position as a hemispheric banking capital could be weakened as some foreign depositors close their accounts in [...]

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