FATCA is a U.S. law that aims to prevent tax evasion. It applies to U.S. citizens, residents, and certain entities. This law requires them to report their foreign financial assets and income to the U.S. government. Additionally, it obligates foreign banks to share information about their U.S. account holders with the IRS.
**Please note that when registering on Qawn, if you come across the 'FATCA' page and you are not a U.S. citizen or resident, you can simply complete your registration by tapping on "Not applicable for me."