FATCA List – November 2017

The US tax man has had a shake out of foreign financial institutions that have signed up to the Foreign Account Tax Compliance Act.

In October, 296,140 financial firms across 229 financial jurisdictions had signed up to deliver information about accounts and investments controlled by American customers.

The latest list shows a net 3,120 of these firms have lost their FATCA ‘approved’ status, taking the number of FATCA firms down to 293,020.

The IRS has not revealed why the registrations have been revoked.

The final list for 2017 is expected around Christmas.

The top 10 countries losing firms with registration

Country Oct Nov Difference
HONG KONG 6720 5736 -984
RUSSIAN FEDERATION 1837 1233 -604
BERMUDA 4062 3494 -568
SWITZERLAND 6672 6127 -545
ARGENTINA 1447 1238 -209
EGYPT 317 168 -149
AUSTRIA 2876 2743 -133
CHILE 1197 1064 -133
JAPAN 20146 20014 -132
BELIZE 672 563 -109

 

Source: IRS

The top 10 countries adding registrations

Country Oct Nov Difference
CAYMAN ISLANDS 52778 53326 548
NETHERLANDS 5699 6099 400
BRAZIL 20908 21134 226
LUXEMBOURG 12694 12880 186
VIRGIN ISLANDS (BRITISH) 10878 11039 161
UNITED KINGDOM 30681 30791 110
AUSTRALIA 5779 5844 65
SPAIN 3494 3542 48
FRANCE 6774 6814 40
IRELAND 6203 6242 39

 

Source: IRS

FATCA List November 2017

The full FATCA list for November 2017 with number of registrations was:

Country Oct Nov Difference
AFGHANISTAN 22 13 -9
ALAND ISLANDS 1 1 0
ALBANIA 25 21 -4
ALGERIA 25 25 0
ANDORRA 153 150 -3
ANGOLA 62 63 1
ANGUILLA 293 282 -11
ANTIGUA AND BARBUDA 46 45 -1
ARGENTINA 1447 1238 -209
ARMENIA 45 36 -9
ARUBA 26 15 -11
AUSTRALIA 5779 5844 65
AUSTRIA 2876 2743 -133
AZERBAIJAN 71 71 0
BAHAMAS 1711 1740 29
BAHRAIN 276 271 -5
BANGLADESH 97 44 -53
BARBADOS 209 213 4
BELARUS 73 73 0
BELGIUM 380 389 9
BELIZE 672 563 -109
BENIN 20 6 -14
BERMUDA 4062 3494 -568
BHUTAN 2 1 -1
BOLIVIA, PLURINATIONAL STATE OF 65 58 -7
BONAIRE, SINT EUSTATIUS AND SABA 13 7 -6
BOSNIA AND HERZEGOVINA 93 44 -49
BOTSWANA 41 32 -9
BOUVET ISLAND 3 3 0
BRAZIL 20908 21134 226
BRITISH INDIAN OCEAN TERRITORY 20 19 -1
BRUNEI DARUSSALAM 43 35 -8
BULGARIA 290 289 -1
BURKINA FASO 15 9 -6
BURUNDI 11 2 -9
CAMBODIA 115 114 -1
CAMEROON 19 11 -8
CANADA 10261 10295 34
CAPE VERDE 16 16 0
CAYMAN ISLANDS 52778 53326 548
CENTRAL AFRICAN REPUBLIC 5 1 -4
CHAD 7 2 -5
CHILE 1197 1064 -133
CHINA 1720 1725 5
CHRISTMAS ISLAND 1 1 0
COLOMBIA 597 598 1
COMOROS 7 4 -3
CONGO 12 5 -7
CONGO, DEMOCRATIC REPUBLIC OF THE 23 15 -8
COOK ISLANDS 163 140 -23
COSTA RICA 159 159 0
COTE D’IVOIRE 48 27 -21
CROATIA 124 127 3
CURACAO 403 400 -3
CYPRUS 1263 1286 23
CZECH REPUBLIC 340 336 -4
DENMARK 710 737 27
DJIBOUTI 12 5 -7
DOMINICA 35 33 -2
DOMINICAN REPUBLIC 139 139 0
ECUADOR 199 179 -20
EGYPT 317 168 -149
EL SALVADOR 80 45 -35
EQUATORIAL GUINEA 9 3 -6
ERITREA 1 1 0
ESTONIA 56 57 1
ETHIOPIA 19 3 -16
FALKLAND ISLANDS (MALVINAS) 1 1 0
FAROE ISLANDS 1 1 0
FIJI 7 6 -1
FINLAND 1433 1435 2
FRANCE 6774 6814 40
FRENCH POLYNESIA 4 4 0
GABON 12 3 -9
GAMBIA 17 6 -11
GEORGIA 49 50 1
GERMANY 5239 5276 37
GHANA 66 45 -21
GIBRALTAR 865 864 -1
GREECE 351 354 3
GREENLAND 4 4 0
GRENADA 36 36 0
GUAM 5 4 -1
GUATEMALA 91 69 -22
GUERNSEY 7077 7100 23
GUINEA 16 7 -9
GUINEA-BISSAU 4 1 -3
GUYANA 22 21 -1
HAITI 35 38 3
HOLY SEE (VATICAN CITY STATE) 2 2 0
HONDURAS 47 47 0
HONG KONG 6720 5736 -984
HUNGARY 506 505 -1
ICELAND 46 45 -1
INDIA 2071 1982 -89
INDONESIA 814 815 1
IRAQ 83 65 -18
IRELAND 6203 6242 39
ISLE OF MAN 1448 1448 0
ISRAEL 1608 1643 35
ITALY 2993 3000 7
JAMAICA 68 69 1
JAPAN 20146 20014 -132
JERSEY 7230 7259 29
JORDAN 103 57 -46
KAZAKHSTAN 110 111 1
KENYA 122 86 -36
KIRIBATI 1 1 0
KOREA, REPUBLIC OF 1153 1153 0
KOSOVO 10 11 1
KUWAIT 258 256 -2
KYRGYZSTAN 33 19 -14
LAO PEOPLE’S DEMOCRATIC REPUBLIC 34 23 -11
LATVIA 66 65 -1
LEBANON 201 164 -37
LESOTHO 13 6 -7
LIBERIA 132 115 -17
LIBYA 29 9 -20
LIECHTENSTEIN 1347 1348 1
LITHUANIA 123 125 2
LUXEMBOURG 12694 12880 186
MACAO 86 77 -9
MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF 36 28 -8
MADAGASCAR 12 7 -5
MALAWI 19 6 -13
MALAYSIA 1442 1460 18
MALDIVES 8 6 -2
MALI 17 7 -10
MALTA 1168 1184 16
MARSHALL ISLANDS 267 244 -23
MARTINIQUE 1 1 0
MAURITANIA 19 10 -9
MAURITIUS 4445 4473 28
MAYOTTE 1 1 0
MEXICO 2116 2088 -28
MICRONESIA, FEDERATED STATES OF 2 2 0
MOLDOVA, REPUBLIC OF 30 15 -15
MONACO 170 138 -32
MONGOLIA 27 7 -20
MONTENEGRO 23 23 0
MONTSERRAT 13 12 -1
MOROCCO 228 185 -43
MOZAMBIQUE 26 13 -13
MYANMAR 45 25 -20
NAMIBIA 88 72 -16
NEPAL 36 17 -19
NETHERLANDS 5699 6099 400
NEW CALEDONIA 6 5 -1
NEW ZEALAND 2386 2402 16
NICARAGUA 24 22 -2
NIGER 15 8 -7
NIGERIA 118 58 -60
NORTHERN MARIANA ISLANDS 1 1 0
NORWAY 1110 1117 7
OMAN 55 44 -11
OTHER 605 518 -87
PAKISTAN 339 253 -86
PALAU 1 1 0
PANAMA 1965 1929 -36
PAPUA NEW GUINEA 5 4 -1
PARAGUAY 44 34 -10
PERU 450 452 2
PHILIPPINES 288 288 0
POLAND 1445 1473 28
PORTUGAL 402 399 -3
PUERTO RICO 3 3 0
QATAR 80 78 -2
ROMANIA 231 236 5
RUSSIAN FEDERATION 1837 1233 -604
RWANDA 23 12 -11
SAINT KITTS AND NEVIS 433 432 -1
SAINT LUCIA 121 112 -9
SAINT MARTIN (FRENCH PART) 3 1 -2
SAINT PIERRE AND MIQUELON 3 2 -1
SAINT VINCENT AND THE GRENADINES 459 459 0
SAMOA 110 83 -27
SAN MARINO 20 17 -3
SAO TOME AND PRINCIPE 7 1 -6
SAUDI ARABIA 336 337 1
SENEGAL 32 15 -17
SERBIA 61 62 1
SEYCHELLES 348 340 -8
SIERRA LEONE 12 5 -7
SINGAPORE 3048 3063 15
SINT MAARTEN (DUTCH PART) 21 12 -9
SLOVAKIA 138 137 -1
SLOVENIA 178 177 -1
SOLOMON ISLANDS 5 4 -1
SOMALIA 4 3 -1
SOUTH AFRICA 1597 1583 -14
SOUTH SUDAN 9 4 -5
SPAIN 3494 3542 48
SRI LANKA 85 62 -23
SUDAN 36 34 -2
SURINAME 12 7 -5
SWAZILAND 18 17 -1
SWEDEN 1420 1425 5
SWITZERLAND 6672 6127 -545
SYRIAN ARAB REPUBLIC 7 8 1
TAIWAN 1790 1734 -56
TAJIKISTAN 43 14 -29
TANZANIA, UNITED REPUBLIC OF 45 26 -19
THAILAND 3175 3210 35
TIMOR-LESTE 6 5 -1
TOGO 15 7 -8
TONGA 5 3 -2
TRINIDAD AND TOBAGO 103 89 -14
TUNISIA 146 155 9
TURKEY 471 467 -4
TURKMENISTAN 13 13 0
TURKS AND CAICOS ISLANDS 108 106 -2
UGANDA 42 23 -19
UKRAINE 528 530 2
UNITED ARAB EMIRATES 642 630 -12
UNITED KINGDOM 30681 30791 110
UNITED STATES 1212 1235 23
UNITED STATES MINOR OUTLYING ISLANDS 9 9 0
URUGUAY 270 214 -56
UZBEKISTAN 28 28 0
VANUATU 84 73 -11
VENEZUELA, BOLIVARIAN REPUBLIC OF 104 50 -54
VIET NAM 201 196 -5
VIRGIN ISLANDS (BRITISH) 10878 11039 161
VIRGIN ISLANDS (U.S.) 3 3 0
WALLIS AND FUTUNA 1 1 0
WEST BANK AND GAZA 37 25 -12
YEMEN 18 15 -3
ZAMBIA 43 32 -11
ZIMBABWE 60 21 -39
Total 296140 293020 -3120

 

Source: IRS

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FATCA List – November 2017
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