There has been a request to bring the subject of Security to the forefront. Another look at prior commentary on the subject follows.
So, with FATCA all that information gets shared with new vendors far from the American Homeland, whose security of data protocols are unknown. I am just left to hope that in the collection and transmission of my data, somehow it will arrive at the IRS DATA banks at the center of the universe, without being breached or stolen. Now, if I was living in the Middle East, and worried about terrorist activity and my identity being discovered, how would I feel about FATCA?