Do American brokers and banks report client information (account size, balance, yearly profit) to client's country?

External question — Personal Finance Stack Exchange Author: user113261 Original post: https://money.stackexchange.com/questions/146625 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Do American brokers and banks report client information (account size, balance, yearly profit) to client's country? Question is ONLY for NON-US citizens. Client's country refers to Where client lives. Tax residency Where client is a citizen. Not necessarily where they live.

External answer — Personal Finance Stack Exchange Author: base64 Original post: https://money.stackexchange.com/a/146629 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Do they always ? No. The US is not a participant of Common Reporting Standard (CRS) for Automatic Exchange of Information (AEOI) with other jurisdictions. However, if a non-USA jurisdiction has signed a Model 1A agreement ("reciprocal basis") based on Foreign Account Tax Compliance Act (FATCA) of the US, there is always AEOI involved. The exact list of jurisdictions is a mess. Try searching on Google "[jurisdiction] FATCA reciprocal". Note that the lack of AEOI does not mean that the US will not share information on an ad-hoc / manual basis upon request from other jurisdictions.