In an earlier blogpost I explained the way the United States is ruling over people who do not live in the US nor have the US nationality. These persons in US legislation are called ‘U.S. Persons‘. Recently I discovered that being a U.S. Person entails more than filing tax returns with IRS or being ‘protected’ by the Dod Frank Act.
According to this article reporting obligations under US sanctions law are or will be extended to all U.S. Persons.
- OFAC Now Requires U.S. Persons to Report Any Transaction They Reject Due to Sanctions, Arnold & Porter, 1 July 2019
- Americans Overseas, that supports U.S. Persons with their tax obligations, see ‘about‘.