Keith Redmond is reporting on Facebook that BMO has sent this FATCA letter to Canadian businesses. As Keith posted, this is truly alarming.
Note: This includes accounts of “valued customer” closed after June 30, 2014. Keith is further reporting all Canadian banks will do the same.
Angel Beoughter confirmed TD sent the letter in January–and goes even further requiring reporting of persons who have the ability to direct funds:
Yes, Lynne Swanson…TD sent them out January 2016. I have personally handle the mail from the TD. It’s a little bit different in that it also asked for person or persons who also have the ability to direct funds. I was so happy that I am no longer an American citizen. I can go back to just being an ordinary boring book keeper instead of the big fish hiding money.
I don’t know if Canadian banks are sending letters to individuals where they do not already have a record of U.S. taint.