Tax

FATCA List – February 1, 2015

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 jurisdictionNumber of registrations
CAYMAN ISLANDS28045
UNITED KINGDOM22022
LUXEMBOURG7298
BRAZIL5082
VIRGIN ISLANDS (BRITISH)4904
SWITZERLAND4747
GUERNSEY4648
JERSEY4210
CANADA4107
GERMANY3826
IRELAND3764
FRANCE3755
JAPAN3627
NETHERLANDS3204
AUSTRALIA3145
AUSTRIA3045
HONG KONG2828
BERMUDA2102
GIBRALTAR2043
MAURITIUS1990
SINGAPORE1806
THAILAND1409
SPAIN1398
ITALY1248
NEW ZEALAND1189
RUSSIAN FEDERATION1072
CHINA1000
ISLE OF MAN985
LIECHTENSTEIN946
BAHAMAS906
TAIWAN884
UNITED STATES828
OTHER823
PANAMA795
MALTA788
CYPRUS750
SOUTH AFRICA728
INDIA698
SWEDEN695
FINLAND673
ISRAEL666
MEXICO639
SOUTH KOREA615
ARGENTINA532
NORWAY529
MALAYSIA526
INDONESIA456
POLAND432
CHILE381
UNITED ARAB EMIRATES375
HUNGARY374
BELGIUM353
DENMARK351
PORTUGAL348
SAINT VINCENT AND THE GRENADINES294
CURACAO280
TURKEY262
BELIZE257
BAHRAIN246
COLOMBIA237
PHILIPPINES216
EGYPT213
KUWAIT213
UKRAINE204
CZECH REPUBLIC199
SAUDI ARABIA195
PERU191
BULGARIA182
BARBADOS178
URUGUAY167
SAINT KITTS AND NEVIS158
GREECE158
SEYCHELLES158
ANGUILLA153
LEBANON153
VIET NAM148
MOROCCO139
COSTA RICA137
MONACO135
ROMANIA135
PAKISTAN131
MARSHALL ISLANDS113
DOMINICAN REPUBLIC112
COOK ISLANDS100
KAZAKHSTAN97
CAMBODIA92
CROATIA90
NIGERIA87
BANGLADESH86
SAINT LUCIA85
MACAO85
SLOVAKIA83
GUATEMALA82
TRINIDAD AND TOBAGO80
KENYA74
LIBERIA73
BELARUS72
EL SALVADOR71
TURKS AND CAICOS ISLANDS70
AZERBAIJAN70
JORDAN68
VENEZUELA68
TUNISIA68
QATAR67
SRI LANKA66
IRAQ62
SLOVENIA61
JAMAICA56
GHANA56
LATVIA56
SAMOA54
HONDURAS53
BOSNIA AND HERZEGOVINA46
SERBIA45
NAMIBIA45
ESTONIA43
ANTIGUA AND BARBUDA41
BOLIVIA39
PARAGUAY39
LITHUANIA39
ECUADOR36
ARMENIA36
NEPAL36
OMAN35
ANDORRA35
GRENADA33
BOTSWANA32
COTE D'IVOIRE32
WEST BANK AND GAZA31
KYRGYZSTAN30
TAJIKISTAN30
GEORGIA30
UGANDA29
TANZANIA29
MACEDONIA27
BRUNEI DARUSSALAM25
MOLDOVA25
ANGOLA25
ZAMBIA24
HAITI24
DOMINICA23
MONGOLIA23
MYANMAR22
LAOS22
ICELAND21
NICARAGUA21
YEMEN20
ALBANIA20
SENEGAL19
MOZAMBIQUE19
SAN MARINO18
CAMEROON18
ETHIOPIA18
SINT MAARTEN (DUTCH PART)18
ARUBA18
RWANDA18
BRITISH INDIAN OCEAN TERRITORY16
DEMOCRATIC REPUBLIC OF CONGO16
LIBYA15
CAPE VERDE15
MAURITANIA15
GAMBIA14
BENIN13
MALAWI13
MONTENEGRO13
BONAIRE, SINT EUSTATIUS AND SABA12
MONTSERRAT12
AFGHANISTAN12
TURKMENISTAN12
GUINEA12
MALI11
TOGO11
SURINAME11
GUYANA11
VANUATU10
SIERRA LEONE10
SWAZILAND10
BURUNDI9
BURKINA FASO9
ZIMBABWE9
SUDAN8
SOUTH SUDAN8
MADAGASCAR8
MALDIVES7
UZBEKISTAN7
CENTRAL AFRICAN REPUBLIC6
CONGO6
ALGERIA6
FIJI6
NIGER6
LESOTHO6
NEW CALEDONIA5
PAPUA NEW GUINEA5
CHAD5
GABON5
EQUATORIAL GUINEA5
SAO TOME AND PRINCIPE5
SOLOMON ISLANDS4
GUAM4
COMOROS4
PUERTO RICO4
DJIBOUTI4
FRENCH POLYNESIA4
BOUVET ISLAND3
GREENLAND3
VIRGIN ISLANDS (US)2
TONGA2
TIMOR-LESTE2
BHUTAN2
SAINT MARTIN (FRENCH PART)2
NORTH KOREA2
REUNION1
FRENCH SOUTHERN TERRITORIES1
FALKLAND ISLANDS (MALVINAS)1
ALAND ISLANDS1
KIRIBATI1
SAINT PIERRE AND MIQUELON1
SOMALIA1
GUINEA-BISSAU1
WALLIS AND FUTUNA1
MICRONESIA1
MARTINIQUE1
PALAU1
HOLY SEE (VATICAN CITY STATE)1
GUADELOUPE1
NORTHERN MARIANA ISLANDS1
Grand Total153797
Source: IRS

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