Banks and financial firms are still flocking to sing up to the US Foreign Account Tax Compliance Act (FATCA).
Even though the July 1 deadline has passed for registering to deliver financial information about US customers to the Internal Revenue Service (IRS), another 3,712 financial institutions have joined the lengthy roster that now has 206,004 listings in the past month.
The Cayman Islands added 685 registrations to hit 38,379, making the small islands the financial centre with the most FATCA compliant registrations.
Britain is next with an extra 301 signups in the past month, taking the total to 26,810.
Together, Britain and the Cayman Islands account for close to a third of all FATCA financial institutions worldwide.
FATCA explained
FATCA rules oblige foreign financial institutions with accounts controlled by US taxpayers to inform the IRS information about any earnings or capital gains in the tax year.
Reports are filed for US residents with offshore account balances of $50,000 or more and US expats with offshore balances of $200,000 or more.
The next FATCA list is due for publication by the IRS on September 1, 2016.
Download or search the list of financial institutions on the FATCA List
Find out more about FATCA from the IRS
The FATCA List (Countries A –Z)
COUNTRY | FATCA Registrations |
---|---|
AFGHANISTAN | 19 |
ALAND ISLANDS | 1 |
ALBANIA | 23 |
ALGERIA | 19 |
ANDORRA | 94 |
ANGOLA | 32 |
ANGUILLA | 207 |
ANTIGUA AND BARBUDA | 44 |
ARGENTINA | 901 |
ARMENIA | 41 |
ARUBA | 24 |
AUSTRALIA | 3980 |
AUSTRIA | 2984 |
AZERBAIJAN | 70 |
BAHAMAS | 1281 |
BAHRAIN | 255 |
BANGLADESH | 94 |
BARBADOS | 190 |
BELARUS | 72 |
BELGIUM | 392 |
BELIZE | 380 |
BENIN | 17 |
BERMUDA | 2871 |
BHUTAN | 1 |
BOLIVIA, PLURINATIONAL STATE OF | 53 |
BONAIRE, SINT EUSTATIUS AND SABA | 13 |
BOSNIA AND HERZEGOVINA | 88 |
BOTSWANA | 36 |
BOUVET ISLAND | 3 |
BRAZIL | 6783 |
BRITISH INDIAN OCEAN TERRITORY | 8 |
BRUNEI DARUSSALAM | 30 |
BULGARIA | 254 |
BURKINA FASO | 10 |
BURUNDI | 9 |
CAMBODIA | 97 |
CAMEROON | 19 |
CANADA | 6725 |
CAPE VERDE | 15 |
CAYMAN ISLANDS | 38379 |
CENTRAL AFRICAN REPUBLIC | 5 |
CHAD | 7 |
CHILE | 533 |
CHINA | 1297 |
CHRISTMAS ISLAND | 1 |
COLOMBIA | 317 |
COMOROS | 7 |
CONGO | 10 |
CONGO, DEMOCRATIC REPUBLIC OF THE | 19 |
COOK ISLANDS | 149 |
COSTA RICA | 152 |
COTE D'IVOIRE | 40 |
CROATIA | 89 |
CURACAO | 384 |
CYPRUS | 1082 |
CZECH REPUBLIC | 332 |
DENMARK | 447 |
DJIBOUTI | 9 |
DOMINICA | 30 |
DOMINICAN REPUBLIC | 127 |
ECUADOR | 158 |
EGYPT | 287 |
EL SALVADOR | 73 |
EQUATORIAL GUINEA | 9 |
ESTONIA | 51 |
ETHIOPIA | 20 |
FALKLAND ISLANDS (MALVINAS) | 1 |
FIJI | 6 |
FINLAND | 943 |
FRANCE | 5733 |
FRENCH POLYNESIA | 4 |
GABON | 12 |
GAMBIA | 15 |
GEORGIA | 38 |
GERMANY | 4822 |
GHANA | 60 |
GIBRALTAR | 2009 |
GREECE | 225 |
GREENLAND | 4 |
GRENADA | 32 |
GUADELOUPE | 1 |
GUAM | 5 |
GUATEMALA | 89 |
GUERNSEY | 6105 |
GUINEA | 15 |
GUINEA-BISSAU | 2 |
GUYANA | 16 |
HAITI | 28 |
HOLY SEE (VATICAN CITY STATE) | 2 |
HONDURAS | 48 |
HONG KONG | 4033 |
HUNGARY | 383 |
ICELAND | 29 |
INDIA | 1460 |
INDONESIA | 614 |
IRAQ | 75 |
IRELAND | 4781 |
ISLE OF MAN | 1235 |
ISRAEL | 964 |
ITALY | 1894 |
JAMAICA | 67 |
JAPAN | 4690 |
JERSEY | 5553 |
JORDAN | 98 |
KAZAKHSTAN | 104 |
KENYA | 113 |
KIRIBATI | 1 |
KOREA, REPUBLIC OF | 1328 |
KOSOVO | 3 |
KUWAIT | 227 |
KYRGYZSTAN | 33 |
LAO PEOPLE'S DEMOCRATIC REPUBLIC | 30 |
LATVIA | 64 |
LEBANON | 172 |
LESOTHO | 12 |
LIBERIA | 100 |
LIBYA | 25 |
LIECHTENSTEIN | 1268 |
LITHUANIA | 111 |
LUXEMBOURG | 9619 |
MACAO | 84 |
MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF | 27 |
MADAGASCAR | 11 |
MALAWI | 18 |
MALAYSIA | 838 |
MALDIVES | 8 |
MALI | 16 |
MALTA | 1081 |
MARSHALL ISLANDS | 169 |
MARTINIQUE | 2 |
MAURITANIA | 17 |
MAURITIUS | 3141 |
MEXICO | 805 |
MICRONESIA, FEDERATED STATES OF | 1 |
MOLDOVA, REPUBLIC OF | 30 |
MONACO | 163 |
MONGOLIA | 27 |
MONTENEGRO | 22 |
MONTSERRAT | 12 |
MOROCCO | 126 |
MOZAMBIQUE | 24 |
MYANMAR | 33 |
NAMIBIA | 62 |
NEPAL | 36 |
NETHERLANDS | 4131 |
NEW CALEDONIA | 5 |
NEW ZEALAND | 1981 |
NICARAGUA | 24 |
NIGER | 11 |
NIGERIA | 116 |
NORTHERN MARIANA ISLANDS | 1 |
NORWAY | 682 |
OMAN | 42 |
OTHER | 973 |
PAKISTAN | 204 |
PALAU | 1 |
PANAMA | 1351 |
PAPUA NEW GUINEA | 5 |
PARAGUAY | 44 |
PERU | 301 |
PHILIPPINES | 278 |
POLAND | 1280 |
PORTUGAL | 381 |
PUERTO RICO | 4 |
QATAR | 76 |
REUNION | 1 |
ROMANIA | 147 |
RUSSIAN FEDERATION | 1489 |
RWANDA | 20 |
SAINT KITTS AND NEVIS | 364 |
SAINT LUCIA | 108 |
SAINT MARTIN (FRENCH PART) | 3 |
SAINT PIERRE AND MIQUELON | 1 |
SAINT VINCENT AND THE GRENADINES | 400 |
SAMOA | 77 |
SAN MARINO | 18 |
SAO TOME AND PRINCIPE | 7 |
SAUDI ARABIA | 300 |
SENEGAL | 28 |
SERBIA | 60 |
SEYCHELLES | 311 |
SIERRA LEONE | 11 |
SINGAPORE | 2388 |
SINT MAARTEN (DUTCH PART) | 20 |
SLOVAKIA | 116 |
SLOVENIA | 109 |
SOLOMON ISLANDS | 4 |
SOMALIA | 3 |
SOUTH AFRICA | 991 |
SOUTH SUDAN | 9 |
SPAIN | 2155 |
SRI LANKA | 81 |
SUDAN | 11 |
SURINAME | 12 |
SWAZILAND | 18 |
SWEDEN | 882 |
SWITZERLAND | 5354 |
SYRIAN ARAB REPUBLIC | 2 |
TAIWAN | 992 |
TAJIKISTAN | 35 |
TANZANIA, UNITED REPUBLIC OF | 40 |
THAILAND | 1912 |
TIMOR-LESTE | 4 |
TOGO | 14 |
TONGA | 3 |
TRINIDAD AND TOBAGO | 87 |
TUNISIA | 123 |
TURKEY | 330 |
TURKMENISTAN | 13 |
TURKS AND CAICOS ISLANDS | 105 |
UGANDA | 39 |
UKRAINE | 392 |
UNITED ARAB EMIRATES | 529 |
UNITED KINGDOM | 26810 |
UNITED STATES | 984 |
UNITED STATES MINOR OUTLYING ISLANDS | 4 |
URUGUAY | 236 |
UZBEKISTAN | 24 |
VANUATU | 26 |
VENEZUELA, BOLIVARIAN REPUBLIC OF | 89 |
VIET NAM | 170 |
VIRGIN ISLANDS (BRITISH) | 7296 |
VIRGIN ISLANDS (U.S.) | 2 |
WALLIS AND FUTUNA | 1 |
WEST BANK AND GAZA | 38 |
YEMEN | 19 |
ZAMBIA | 37 |
ZIMBABWE | 56 |
TOTAL: | 206004 |
Source: US Internal Revenue Service