U.S. Person

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Also found in: Acronyms.

U.S. Person

A U.S. citizen, permanent resident, American corporation or an association of persons in which a large percentage are U.S. citizens. A U.S. person is entitled to protection by the U.S. government and to anonymity in foreign intelligence reports unless one's information is relevant to a report.
References in periodicals archive ?
For entities that have some US nexus--either personnel, ownership or content--they need to appreciate that only certain sanctions are being lifted and that many of the long-standing restrictions on US persons remain," said Knight.
But with only limited exceptions, the primary Iran sanctions applying to US persons remain largely in place even after Implementation Day.
If a US person fails to comply with Fatca, he would be liable to a substantial fine and 30 per cent withholding tax on the assets located outside the US.
Foreign firms have to consider which of its entities trade swaps with US persons and under which jurisdictions.
For foreign financial institutions, swaps with US persons or their overseas branches would count toward the de minimis threshold.
Financial institutions that agree to participate in the programme are required to identify US persons who hold accounts with the institution and report specified information about US persons to US tax authorities.
Thompson (The Penn State Dickinson School of Law) addresses the provisions of the US Internal Revenue Code that govern the economic activities of foreign persons (inbound transactions), the foreign economic activities of US persons (outbound transactions), and cross-border mergers and acquisitions.
As a result of these actions, all assets of those designated today that are in the United States or in the possession or control of US persons are frozen, and US persons are generally prohibited from engaging in transactions with them.
The statement added that, "as a result of today's action, all assets of these four individuals that are in the United States or in the possession or control of US persons are frozen, and US persons are generally prohibited from engaging in transactions with them.