More than 1,600 new financial institutions have signed up to the US Foreign Account Tax Compliance Act (FATCA) List.
The list now covers 177,147 institutions in 226 financial jurisdictions – up 1,604 from the last list published on October 1.
The US Internal Revenue Service (IRS) keeps the list to show which organisations are complying with FATCA rules.
Each has to make an annual report to the IRS with personal and financial details of accounts and investments controlled by US taxpayers.
The reports are cross referenced to US tax filing to confirm that taxpayers are declaring any earnings or gains from overseas assets.
If the customers are US resident taxpayers, financial firms must report any account balances over $50,000, while the threshold for expats is $200,000.
So far, the IRS states that more than $8 billion in additional tax revenue has resulted from the crack down on offshore holdings.
The Cayman Islands (33,348) and the UK (24,454) account for a third of all registered organisations.
By numbers of financial institutions, the list breaks down like this:
- More than 10,000 – 2
- 1,000 to 10,000 – 30
- 100 to 1000 – 54
- 10 to 1,000 – 94
- 1 to 10 – 46
The next FATCA list is due for publication by the IRS on December 1, 2015.
Download the list of financial institutions on the FATCA List (Excel csv file)
The FATCA List (Countries A –Z)
Financial Jurisdiction | FATCA registrations |
---|---|
AFGHANISTAN | 13 |
ALAND ISLANDS | 1 |
ALBANIA | 21 |
ALGERIA | 6 |
ANDORRA | 37 |
ANGOLA | 29 |
ANGUILLA | 180 |
ANTIGUA AND BARBUDA | 39 |
ARGENTINA | 602 |
ARMENIA | 36 |
ARUBA | 25 |
AUSTRALIA | 3524 |
AUSTRIA | 3025 |
AZERBAIJAN | 70 |
BAHAMAS | 1123 |
BAHRAIN | 247 |
BANGLADESH | 93 |
BARBADOS | 186 |
BELARUS | 72 |
BELGIUM | 370 |
BELIZE | 316 |
BENIN | 15 |
BERMUDA | 2451 |
BHUTAN | 1 |
BOLIVIA, PLURINATIONAL STATE OF | 42 |
BONAIRE, SINT EUSTATIUS AND SABA | 13 |
BOSNIA AND HERZEGOVINA | 68 |
BOTSWANA | 34 |
BOUVET ISLAND | 3 |
BRAZIL | 5709 |
BRITISH INDIAN OCEAN TERRITORY | 5 |
BRUNEI DARUSSALAM | 29 |
BULGARIA | 190 |
BURKINA FASO | 10 |
BURUNDI | 9 |
CAMBODIA | 97 |
CAMEROON | 18 |
CANADA | 4549 |
CAPE VERDE | 15 |
CAYMAN ISLANDS | 33348 |
CENTRAL AFRICAN REPUBLIC | 5 |
CHAD | 6 |
CHILE | 375 |
CHINA | 1082 |
COLOMBIA | 251 |
COMOROS | 5 |
CONGO | 9 |
CONGO, DEMOCRATIC REPUBLIC OF THE | 18 |
COOK ISLANDS | 147 |
COSTA RICA | 145 |
COTE D'IVOIRE | 36 |
CROATIA | 88 |
CURACAO | 355 |
CYPRUS | 935 |
CZECH REPUBLIC | 258 |
DENMARK | 388 |
DJIBOUTI | 8 |
DOMINICA | 24 |
DOMINICAN REPUBLIC | 124 |
ECUADOR | 43 |
EGYPT | 267 |
EL SALVADOR | 72 |
EQUATORIAL GUINEA | 6 |
ESTONIA | 45 |
ETHIOPIA | 19 |
FALKLAND ISLANDS (MALVINAS) | 1 |
FIJI | 6 |
FINLAND | 745 |
FRANCE | 5090 |
FRENCH POLYNESIA | 4 |
FRENCH SOUTHERN TERRITORIES | 1 |
GABON | 11 |
GAMBIA | 15 |
GEORGIA | 36 |
GERMANY | 4329 |
GHANA | 56 |
GIBRALTAR | 2116 |
GREECE | 167 |
GREENLAND | 3 |
GRENADA | 32 |
GUADELOUPE | 1 |
GUAM | 5 |
GUATEMALA | 86 |
GUERNSEY | 5172 |
GUINEA | 14 |
GUINEA-BISSAU | 1 |
GUYANA | 14 |
HAITI | 22 |
HOLY SEE (VATICAN CITY STATE) | 1 |
HONDURAS | 47 |
HONG KONG | 3227 |
HUNGARY | 375 |
ICELAND | 31 |
INDIA | 910 |
INDONESIA | 527 |
IRAQ | 71 |
IRELAND | 4361 |
ISLE OF MAN | 1056 |
ISRAEL | 804 |
ITALY | 1390 |
JAMAICA | 61 |
JAPAN | 3793 |
JERSEY | 4766 |
JORDAN | 88 |
KAZAKHSTAN | 104 |
KENYA | 85 |
KIRIBATI | 1 |
KOREA, REPUBLIC OF | 1306 |
KUWAIT | 211 |
KYRGYZSTAN | 30 |
LAO PEOPLE'S DEMOCRATIC REPUBLIC | 27 |
LATVIA | 62 |
LEBANON | 164 |
LESOTHO | 7 |
LIBERIA | 77 |
LIBYA | 21 |
LIECHTENSTEIN | 1152 |
LITHUANIA | 99 |
LUXEMBOURG | 8758 |
MACAO | 77 |
MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF | 26 |
MADAGASCAR | 9 |
MALAWI | 14 |
MALAYSIA | 567 |
MALDIVES | 7 |
MALI | 12 |
MALTA | 978 |
MARSHALL ISLANDS | 141 |
MARTINIQUE | 1 |
MAURITANIA | 16 |
MAURITIUS | 2819 |
MEXICO | 605 |
MICRONESIA, FEDERATED STATES OF | 1 |
MOLDOVA, REPUBLIC OF | 30 |
MONACO | 153 |
MONGOLIA | 26 |
MONTENEGRO | 16 |
MONTSERRAT | 12 |
MOROCCO | 146 |
MOZAMBIQUE | 22 |
MYANMAR | 33 |
NAMIBIA | 47 |
NEPAL | 37 |
NETHERLANDS | 3579 |
NEW CALEDONIA | 5 |
NEW ZEALAND | 1408 |
NICARAGUA | 24 |
NIGER | 8 |
NIGERIA | 109 |
NORTHERN MARIANA ISLANDS | 1 |
NORWAY | 560 |
OMAN | 39 |
OTHER | 961 |
PAKISTAN | 167 |
PALAU | 1 |
PANAMA | 1012 |
PAPUA NEW GUINEA | 8 |
PARAGUAY | 42 |
PERU | 256 |
PHILIPPINES | 236 |
POLAND | 439 |
PORTUGAL | 351 |
PUERTO RICO | 4 |
QATAR | 74 |
REUNION | 1 |
ROMANIA | 138 |
RUSSIAN FEDERATION | 1306 |
RWANDA | 18 |
SAINT KITTS AND NEVIS | 239 |
SAINT LUCIA | 97 |
SAINT MARTIN (FRENCH PART) | 3 |
SAINT PIERRE AND MIQUELON | 2 |
SAINT VINCENT AND THE GRENADINES | 368 |
SAMOA | 62 |
SAN MARINO | 17 |
SAO TOME AND PRINCIPE | 7 |
SAUDI ARABIA | 290 |
SENEGAL | 25 |
SERBIA | 49 |
SEYCHELLES | 228 |
SIERRA LEONE | 10 |
SINGAPORE | 2169 |
SINT MAARTEN (DUTCH PART) | 19 |
SLOVAKIA | 83 |
SLOVENIA | 58 |
SOLOMON ISLANDS | 4 |
SOMALIA | 1 |
SOUTH AFRICA | 807 |
SOUTH SUDAN | 9 |
SPAIN | 1225 |
SRI LANKA | 74 |
SUDAN | 9 |
SURINAME | 11 |
SWAZILAND | 16 |
SWEDEN | 718 |
SWITZERLAND | 5047 |
SYRIAN ARAB REPUBLIC | 1 |
TAIWAN | 884 |
TAJIKISTAN | 33 |
TANZANIA, UNITED REPUBLIC OF | 37 |
THAILAND | 1723 |
TIMOR-LESTE | 4 |
TOGO | 12 |
TONGA | 3 |
TRINIDAD AND TOBAGO | 86 |
TUNISIA | 98 |
TURKEY | 267 |
TURKMENISTAN | 12 |
TURKS AND CAICOS ISLANDS | 76 |
UGANDA | 32 |
UKRAINE | 277 |
UNITED ARAB EMIRATES | 458 |
UNITED KINGDOM | 24454 |
UNITED STATES | 924 |
URUGUAY | 189 |
UZBEKISTAN | 24 |
VANUATU | 13 |
VENEZUELA, BOLIVARIAN REPUBLIC OF | 87 |
VIET NAM | 161 |
VIRGIN ISLANDS (BRITISH) | 6130 |
VIRGIN ISLANDS (U.S.) | 2 |
WALLIS AND FUTUNA | 1 |
WEST BANK AND GAZA | 36 |
YEMEN | 19 |
ZAMBIA | 25 |
ZIMBABWE | 19 |
Grand Total | 177147 |
Source: US Internal Revenue Service