Article 29 Working Party Comments on FATCA

Article 29 Working responded to a letter on effect of U.S. Foreign Account Tax Compliance Act (FATCA) on European citizens who, due to U.S.
citizenship law, are either “accidental Americans” or dual European/US nationals.

At the moment all EU Member States have now signed individual intergovernmental agreements (IGAs) with the US. These IGAs provide the legal basis for the processing of the personal data of American nationals in the context of FATCA. In addition, EU data protection authorities have been monitoring the measures taken by European governments
to implement FATCA at national level.

Source: ARTICLE29 Newsroom – Letter of the Chair of the ART 29 WP to FATCA – European Commission