FATCA List – November 2021

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The US Internal Revenue Service’s FATCA List keeps growing.

More than a decade since the Foreign Account Tax Compliance Act was introduced by then-President Barack Obama, thousands of banks and financial businesses worldwide are still signing up for the law.

FATCA now has 404,202 registrations – an increase of 2,658 from October.

Almost half the new registrations came from the Cayman Islands, where 1,097 financial institutions joined FATCA, cementing the tiny British overseas territory’s top FATCA ranking with 82,309 registrations.

That’s more than Brazil in second place (36,588), and the UK in third place (36,172) have added together.

The next FATCA list is published in December.

Top 10 countries with FATCA registrations

CountryFATCA registrations
CAYMAN ISLANDS82309
BRAZIL36588
UNITED KINGDOM36172
JAPAN25614
LUXEMBOURG19017
VIRGIN ISLANDS (BRITISH)14880
CANADA14301
GUERNSEY9253
JERSEY9070
HONG KONG8546
Grand Total255750

Source: IRS

Global FATCA Registrations

CountryFATCA registrations
AFGHANISTAN11
ALBANIA28
ALGERIA48
AMERICAN SAMOA1
ANDORRA198
ANGOLA88
ANGUILLA263
ANTIGUA AND BARBUDA57
ARGENTINA1427
ARMENIA55
ARUBA22
AUSTRALIA7991
AUSTRIA2617
AZERBAIJAN75
BAHAMAS1979
BAHRAIN277
BANGLADESH84
BARBADOS238
BELARUS76
BELGIUM443
BELIZE384
BENIN27
BERMUDA4147
BHUTAN4
BOLIVIA, PLURINATIONAL STATE OF81
BONAIRE, SINT EUSTATIUS AND SABA12
BOSNIA AND HERZEGOVINA85
BOTSWANA34
BOUVET ISLAND4
BRAZIL36588
BRITISH INDIAN OCEAN TERRITORY20
BRUNEI DARUSSALAM23
BULGARIA313
BURKINA FASO20
BURUNDI9
CAMBODIA156
CAMEROON37
CANADA14301
CAPE VERDE14
CAYMAN ISLANDS82309
CENTRAL AFRICAN REPUBLIC7
CHAD12
CHILE1771
CHINA2964
COLOMBIA760
COMOROS15
CONGO18
CONGO, DEMOCRATIC REPUBLIC OF THE19
COOK ISLANDS315
COSTA RICA144
COTE D’IVOIRE81
CROATIA188
CURACAO414
Cyprus1561
CZECH REPUBLIC580
DENMARK997
DJIBOUTI12
DOMINICA50
DOMINICAN REPUBLIC182
ECUADOR117
EGYPT298
EL SALVADOR150
EQUATORIAL GUINEA7
ERITREA1
ESTONIA127
ETHIOPIA21
FALKLAND ISLANDS (MALVINAS)1
FAROE ISLANDS1
FIJI15
Finland1848
FRANCE7067
FRENCH POLYNESIA4
GABON17
GAMBIA13
GEORGIA78
GERMANY5340
GHANA62
GIBRALTAR902
GREECE418
GREENLAND5
GRENADA45
GUAM5
GUATEMALA90
GUERNSEY9253
GUINEA26
GUINEA-BISSAU5
GUYANA21
HAITI79
HOLY SEE (VATICAN CITY STATE)2
HONDURAS52
HONG KONG8546
HUNGARY574
ICELAND54
INDIA3229
INDONESIA1284
IRAQ91
IRELAND8472
ISLE OF MAN1417
ISRAEL2695
ITALY4010
JAMAICA85
JAPAN25614
JERSEY9070
JORDAN87
KAZAKHSTAN156
KENYA113
KIRIBATI1
KOREA, REPUBLIC OF1448
KOSOVO16
KUWAIT255
KYRGYZSTAN28
LAO PEOPLE’S DEMOCRATIC REPUBLIC38
LATVIA72
LEBANON189
LESOTHO6
LIBERIA49
LIBYA21
LIECHTENSTEIN1365
LITHUANIA203
LUXEMBOURG19017
MACAO112
MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF55
MADAGASCAR13
MALAWI14
MALAYSIA2004
MALDIVES7
MALI17
MALTA1712
MARSHALL ISLANDS299
MAURITANIA18
MAURITIUS5410
MEXICO2688
MICRONESIA, FEDERATED STATES OF3
MOLDOVA, REPUBLIC OF23
MONACO187
MONGOLIA24
MONTENEGRO28
MONTSERRAT13
MOROCCO648
MOZAMBIQUE22
MYANMAR49
NAMIBIA88
NEPAL32
NETHERLANDS6478
NEW CALEDONIA7
NEW ZEALAND6729
NICARAGUA25
NIGER15
Nigeria109
NORTHERN MARIANA ISLANDS1
NORWAY1333
OMAN55
OTHER659
PAKISTAN415
PALAU1
PANAMA2014
PAPUA NEW GUINEA17
PARAGUAY49
PERU1338
PHILIPPINES338
POLAND1653
PORTUGAL458
PUERTO RICO2
QATAR84
REUNION1
ROMANIA263
RUSSIAN FEDERATION1578
RWANDA24
SAINT BARTHELEMY1
SAINT KITTS AND NEVIS566
SAINT LUCIA115
SAINT MARTIN (FRENCH PART)1
SAINT PIERRE AND MIQUELON3
SAINT VINCENT AND THE GRENADINES437
SAMOA86
SAN MARINO31
SAO TOME AND PRINCIPE8
SAUDI ARABIA415
SENEGAL50
SERBIA77
SEYCHELLES339
SIERRA LEONE9
Singapore5736
SINT MAARTEN (DUTCH PART)19
SLOVAKIA206
SLOVENIA195
SOLOMON ISLANDS11
SOMALIA7
SOUTH AFRICA2509
SOUTH SUDAN13
SPAIN4127
SRI LANKA57
SUDAN38
SURINAME13
SVALBARD AND JAN MAYEN2
SWAZILAND13
SWEDEN1945
SWITZERLAND6817
SYRIAN ARAB REPUBLIC9
TAIWAN2104
TAJIKISTAN33
TANZANIA, UNITED REPUBLIC OF38
THAILAND5179
TIMOR-LESTE5
TOGO27
TONGA6
TRINIDAD AND TOBAGO108
Tunisia352
TURKEY1001
TURKMENISTAN13
TURKS AND CAICOS ISLANDS115
UGANDA42
UKRAINE819
UNITED ARAB EMIRATES1052
UNITED KINGDOM36172
UNITED STATES1598
UNITED STATES MINOR OUTLYING ISLANDS11
URUGUAY243
UZBEKISTAN35
VANUATU84
VENEZUELA, BOLIVARIAN REPUBLIC OF56
VIET NAM234
VIRGIN ISLANDS (BRITISH)14880
VIRGIN ISLANDS (U.S.)5
WALLIS AND FUTUNA1
WEST BANK AND GAZA21
WESTERN SAHARA2
YEMEN21
ZAMBIA25
ZIMBABWE42
Grand Total404202

Source: IRS

FATCA FAQ

FATCA is designed to stop US taxpayers from hiding their money offshore to avoid tax.

Many US taxpayers, especially expats, are unaware of FATCA and what it means to their finances.

Here are some answers to the most asked questions about FATCA.

What does FATCA stand for?

FATCA is short for the Foreign Account Tax Compliance Act.

What is the FATCA list?

The FATCA list is a database of financial institutions outside the States registered as compliant with FATCA reporting standards.

What are the FATCA reporting standards?

Foreign financial institutions must supply the US Internal Revenue Service with a list of accounts controlled by US taxpayers each year. However, depending on if the taxpayer lives in the US or overseas, the reporting rules differ.

Who is caught by FATCA rules?

Any US taxpayer with offshore accounts or investments

Do US expats have to be FATCA compliant?

No, FATCA applies to the financial institution, not taxpayers. However, the reports made under FATCA are compared with IRS tax filings to make sure taxpayers pay the right amount of tax and not declare their liability.

More about FATCA

FATCA information on the IRS website

Below is a list of related articles you may find of interest.

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