EUSTDEuropean Union Savings Tax Directive
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From the G8's creation of anti-money laundering pit bull FATF (Financial Action Task Force) to the European Union's Savings Tax Directives (EUSTDs) and the United States' famed FATCA invasion of client data bases at so-called FFIs (Foreign Financial Institutions -- meaning every entity anywhere that offers financial products with cash redemption value), banking and wealth management in particular have come under pressure to the same degree to which governments of developed countries have awoken to the presence of untapped tax bonanzas in their potential reach.