Another 6,750 financial institutions have joined Foreign Account Tax Compliance Act (FATCA) over the past month.
Almost 154,000 organisations from 225 financial centres are now listed by the Internal Revenue Service (IRS) as complying with the law.
FATCA requires financial institutions outside the US to register with the IRS and to make annual reports about accounts and investments controlled by American taxpayers.
The list reveals 41% of the financial organisations registered come from the UK or four British Overseas Territories or Possessions.
Britain dominates FATCA listings
The Cayman Islands has the most registrations – just tipping 28,000.
The UK is next with 22,000.
Also in the top 10 FATCA registration listings are the British Virgin Islands (4,900), Guernsey (4,650) and Jersey (4,200).
Out of the listings, only the UK and Cayman Islands have more than 10,000 registrations.
Another 25 countries have more than 1,000 entries; an additional 57 have more than 100 and 53 have between 10 and 99. This leaves 88 jurisdictions with single figure listings.
The next FATCA list is due on February 15, 2015.
FATCA List - February 1, 2015 | |
---|---|
Financial jurisdiction | Number of registrations |
CAYMAN ISLANDS | 28045 |
UNITED KINGDOM | 22022 |
LUXEMBOURG | 7298 |
BRAZIL | 5082 |
VIRGIN ISLANDS (BRITISH) | 4904 |
SWITZERLAND | 4747 |
GUERNSEY | 4648 |
JERSEY | 4210 |
CANADA | 4107 |
GERMANY | 3826 |
IRELAND | 3764 |
FRANCE | 3755 |
JAPAN | 3627 |
NETHERLANDS | 3204 |
AUSTRALIA | 3145 |
AUSTRIA | 3045 |
HONG KONG | 2828 |
BERMUDA | 2102 |
GIBRALTAR | 2043 |
MAURITIUS | 1990 |
SINGAPORE | 1806 |
THAILAND | 1409 |
SPAIN | 1398 |
ITALY | 1248 |
NEW ZEALAND | 1189 |
RUSSIAN FEDERATION | 1072 |
CHINA | 1000 |
ISLE OF MAN | 985 |
LIECHTENSTEIN | 946 |
BAHAMAS | 906 |
TAIWAN | 884 |
UNITED STATES | 828 |
OTHER | 823 |
PANAMA | 795 |
MALTA | 788 |
CYPRUS | 750 |
SOUTH AFRICA | 728 |
INDIA | 698 |
SWEDEN | 695 |
FINLAND | 673 |
ISRAEL | 666 |
MEXICO | 639 |
SOUTH KOREA | 615 |
ARGENTINA | 532 |
NORWAY | 529 |
MALAYSIA | 526 |
INDONESIA | 456 |
POLAND | 432 |
CHILE | 381 |
UNITED ARAB EMIRATES | 375 |
HUNGARY | 374 |
BELGIUM | 353 |
DENMARK | 351 |
PORTUGAL | 348 |
SAINT VINCENT AND THE GRENADINES | 294 |
CURACAO | 280 |
TURKEY | 262 |
BELIZE | 257 |
BAHRAIN | 246 |
COLOMBIA | 237 |
PHILIPPINES | 216 |
EGYPT | 213 |
KUWAIT | 213 |
UKRAINE | 204 |
CZECH REPUBLIC | 199 |
SAUDI ARABIA | 195 |
PERU | 191 |
BULGARIA | 182 |
BARBADOS | 178 |
URUGUAY | 167 |
SAINT KITTS AND NEVIS | 158 |
GREECE | 158 |
SEYCHELLES | 158 |
ANGUILLA | 153 |
LEBANON | 153 |
VIET NAM | 148 |
MOROCCO | 139 |
COSTA RICA | 137 |
MONACO | 135 |
ROMANIA | 135 |
PAKISTAN | 131 |
MARSHALL ISLANDS | 113 |
DOMINICAN REPUBLIC | 112 |
COOK ISLANDS | 100 |
KAZAKHSTAN | 97 |
CAMBODIA | 92 |
CROATIA | 90 |
NIGERIA | 87 |
BANGLADESH | 86 |
SAINT LUCIA | 85 |
MACAO | 85 |
SLOVAKIA | 83 |
GUATEMALA | 82 |
TRINIDAD AND TOBAGO | 80 |
KENYA | 74 |
LIBERIA | 73 |
BELARUS | 72 |
EL SALVADOR | 71 |
TURKS AND CAICOS ISLANDS | 70 |
AZERBAIJAN | 70 |
JORDAN | 68 |
VENEZUELA | 68 |
TUNISIA | 68 |
QATAR | 67 |
SRI LANKA | 66 |
IRAQ | 62 |
SLOVENIA | 61 |
JAMAICA | 56 |
GHANA | 56 |
LATVIA | 56 |
SAMOA | 54 |
HONDURAS | 53 |
BOSNIA AND HERZEGOVINA | 46 |
SERBIA | 45 |
NAMIBIA | 45 |
ESTONIA | 43 |
ANTIGUA AND BARBUDA | 41 |
BOLIVIA | 39 |
PARAGUAY | 39 |
LITHUANIA | 39 |
ECUADOR | 36 |
ARMENIA | 36 |
NEPAL | 36 |
OMAN | 35 |
ANDORRA | 35 |
GRENADA | 33 |
BOTSWANA | 32 |
COTE D'IVOIRE | 32 |
WEST BANK AND GAZA | 31 |
KYRGYZSTAN | 30 |
TAJIKISTAN | 30 |
GEORGIA | 30 |
UGANDA | 29 |
TANZANIA | 29 |
MACEDONIA | 27 |
BRUNEI DARUSSALAM | 25 |
MOLDOVA | 25 |
ANGOLA | 25 |
ZAMBIA | 24 |
HAITI | 24 |
DOMINICA | 23 |
MONGOLIA | 23 |
MYANMAR | 22 |
LAOS | 22 |
ICELAND | 21 |
NICARAGUA | 21 |
YEMEN | 20 |
ALBANIA | 20 |
SENEGAL | 19 |
MOZAMBIQUE | 19 |
SAN MARINO | 18 |
CAMEROON | 18 |
ETHIOPIA | 18 |
SINT MAARTEN (DUTCH PART) | 18 |
ARUBA | 18 |
RWANDA | 18 |
BRITISH INDIAN OCEAN TERRITORY | 16 |
DEMOCRATIC REPUBLIC OF CONGO | 16 |
LIBYA | 15 |
CAPE VERDE | 15 |
MAURITANIA | 15 |
GAMBIA | 14 |
BENIN | 13 |
MALAWI | 13 |
MONTENEGRO | 13 |
BONAIRE, SINT EUSTATIUS AND SABA | 12 |
MONTSERRAT | 12 |
AFGHANISTAN | 12 |
TURKMENISTAN | 12 |
GUINEA | 12 |
MALI | 11 |
TOGO | 11 |
SURINAME | 11 |
GUYANA | 11 |
VANUATU | 10 |
SIERRA LEONE | 10 |
SWAZILAND | 10 |
BURUNDI | 9 |
BURKINA FASO | 9 |
ZIMBABWE | 9 |
SUDAN | 8 |
SOUTH SUDAN | 8 |
MADAGASCAR | 8 |
MALDIVES | 7 |
UZBEKISTAN | 7 |
CENTRAL AFRICAN REPUBLIC | 6 |
CONGO | 6 |
ALGERIA | 6 |
FIJI | 6 |
NIGER | 6 |
LESOTHO | 6 |
NEW CALEDONIA | 5 |
PAPUA NEW GUINEA | 5 |
CHAD | 5 |
GABON | 5 |
EQUATORIAL GUINEA | 5 |
SAO TOME AND PRINCIPE | 5 |
SOLOMON ISLANDS | 4 |
GUAM | 4 |
COMOROS | 4 |
PUERTO RICO | 4 |
DJIBOUTI | 4 |
FRENCH POLYNESIA | 4 |
BOUVET ISLAND | 3 |
GREENLAND | 3 |
VIRGIN ISLANDS (US) | 2 |
TONGA | 2 |
TIMOR-LESTE | 2 |
BHUTAN | 2 |
SAINT MARTIN (FRENCH PART) | 2 |
NORTH KOREA | 2 |
REUNION | 1 |
FRENCH SOUTHERN TERRITORIES | 1 |
FALKLAND ISLANDS (MALVINAS) | 1 |
ALAND ISLANDS | 1 |
KIRIBATI | 1 |
SAINT PIERRE AND MIQUELON | 1 |
SOMALIA | 1 |
GUINEA-BISSAU | 1 |
WALLIS AND FUTUNA | 1 |
MICRONESIA | 1 |
MARTINIQUE | 1 |
PALAU | 1 |
HOLY SEE (VATICAN CITY STATE) | 1 |
GUADELOUPE | 1 |
NORTHERN MARIANA ISLANDS | 1 |
Grand Total | 153797 |
Source: IRS |