An agent or nominee owns the foreign financial account on behalf of the U.S. Person.

FORBES: IRS Issues Final FBAR Regulations and Revised FBAR Form

Hamptons International, another estate agent, estimates that the British now account for around 60% of foreign buyers in certain areas of southern Spain and Portugal.

ECONOMIST: Hot property

On May 2nd the News of the World, a British Sunday tabloid, published an account of a sting operation in which John Higgins, the world's top-ranked snooker player, and his agent Patrick Mooney, appeared to agree to accept bribes in return for losing specific frames in future contests.

ECONOMIST: Corruption in sport