FATCA Regulations on Cross Border Financing - IPBA 2012

General Exemption from <strong>FATCA</strong>‣ Certain recipients of payments are exempted in their entirety from <strong>FATCA</strong>. Theseinclude payments received by a foreign entity to the extent the beneficial ownerof such payments is one of the following:• a foreign government, its political subdivisions or any wholly-owned agencyor instrumentality thereof,• an international organization or any wholly-owned agency or instrumentalitythereof,• a foreign central bank of issue, or• any other class of persons identified by the Treasury as posing a low risk oftax evasion.gsblaw.com 11