FATCA List – September 2021

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Britain has lost second-ranking in the US FATCA listings for the first time.

Brazil has taken over as the country with the second-most registrations under the Foreign Account Tax Compliance Act (FATCA).

The Cayman Islands remain top of the table with 80,818 registrations. An increase of 817 in the past month.

Brazil is second with 35,693 registrations, up 699 in a month, while the UK has 35,311, up 79 from last month.

According to the US Internal Revenue Service (IRS), 398,395 financial institutions are registered under FATCA, rising 2,912 since August.

The top 10 countries account for 251,135 registrations, an increase of 2,250 in the month.

The nest FATCA list is due at the end of September.

Top 10 countries with FATCA registrations

CountryFATCA registrations
CAYMAN ISLANDS80818
BRAZIL35693
UNITED KINGDOM35311
JAPAN25355
LUXEMBOURG18646
VIRGIN ISLANDS (BRITISH)14650
CANADA14073
GUERNSEY9121
JERSEY8991
HONG KONG8477
Grand Total251135
Source: IRS

Global FATCA Registrations

CountryFATCA registrations
AFGHANISTAN15
ALBANIA27
ALGERIA48
AMERICAN SAMOA1
ANDORRA198
ANGOLA87
ANGUILLA263
ANTIGUA AND BARBUDA57
ARGENTINA1488
ARMENIA54
ARUBA22
AUSTRALIA7812
AUSTRIA2596
AZERBAIJAN75
BAHAMAS1979
BAHRAIN279
BANGLADESH84
BARBADOS237
BELARUS77
BELGIUM437
BELIZE411
BENIN27
BERMUDA4149
BHUTAN3
BOLIVIA, PLURINATIONAL STATE OF82
BONAIRE, SINT EUSTATIUS AND SABA12
BOSNIA AND HERZEGOVINA80
BOTSWANA34
BOUVET ISLAND4
BRAZIL35693
BRITISH INDIAN OCEAN TERRITORY22
BRUNEI DARUSSALAM24
BULGARIA319
BURKINA FASO22
BURUNDI9
CAMBODIA157
CAMEROON36
CANADA14073
CAPE VERDE14
CAYMAN ISLANDS80818
CENTRAL AFRICAN REPUBLIC7
CHAD11
CHILE1724
CHINA2883
CHRISTMAS ISLAND1
COLOMBIA740
COMOROS17
CONGO18
CONGO, DEMOCRATIC REPUBLIC OF THE19
COOK ISLANDS317
COSTA RICA145
COTE D’IVOIRE84
CROATIA189
CURACAO413
CYPRUS1554
CZECH REPUBLIC569
DENMARK991
DJIBOUTI13
DOMINICA47
DOMINICAN REPUBLIC182
ECUADOR173
EGYPT303
EL SALVADOR154
EQUATORIAL GUINEA7
ERITREA1
ESTONIA125
ETHIOPIA22
FALKLAND ISLANDS (MALVINAS)1
FAROE ISLANDS2
FIJI15
FINLAND1823
FRANCE6987
FRENCH POLYNESIA4
GABON17
GAMBIA13
GEORGIA77
GERMANY5323
GHANA65
GIBRALTAR901
GREECE417
GREENLAND5
GRENADA44
GUAM5
GUATEMALA89
GUERNSEY9121
GUINEA24
GUINEA-BISSAU7
GUYANA21
HAITI79
HOLY SEE (VATICAN CITY STATE)2
HONDURAS52
HONG KONG8477
HUNGARY569
ICELAND54
INDIA3206
INDONESIA1274
IRAQ89
IRELAND8381
ISLE OF MAN1416
ISRAEL2655
ITALY4004
JAMAICA85
JAPAN25355
JERSEY8991
JORDAN91
KAZAKHSTAN155
KENYA122
KIRIBATI1
KOREA, REPUBLIC OF1446
KOSOVO16
KUWAIT256
KYRGYZSTAN28
LAO PEOPLE’S DEMOCRATIC REPUBLIC40
LATVIA70
LEBANON189
LESOTHO7
LIBERIA50
LIBYA23
LIECHTENSTEIN1369
LITHUANIA200
LUXEMBOURG18646
MACAO111
MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF55
MADAGASCAR13
MALAWI11
MALAYSIA1973
MALDIVES8
MALI20
MALTA1676
MARSHALL ISLANDS306
MAURITANIA17
MAURITIUS5370
MAYOTTE1
MEXICO2681
MICRONESIA, FEDERATED STATES OF3
MOLDOVA, REPUBLIC OF24
MONACO186
MONGOLIA20
MONTENEGRO28
MONTSERRAT13
MOROCCO641
MOZAMBIQUE22
MYANMAR51
NAMIBIA99
NEPAL32
NETHERLANDS6367
NEW CALEDONIA7
NEW ZEALAND6513
NICARAGUA25
NIGER17
NIGERIA107
NORTHERN MARIANA ISLANDS1
NORWAY1326
OMAN56
OTHER660
PAKISTAN426
PALAU1
PANAMA2009
PAPUA NEW GUINEA17
PARAGUAY49
PERU1302
PHILIPPINES332
POLAND1642
PORTUGAL456
PUERTO RICO2
QATAR85
REUNION1
ROMANIA264
RUSSIAN FEDERATION1621
RWANDA24
SAINT BARTHELEMY1
SAINT KITTS AND NEVIS570
SAINT LUCIA115
SAINT MARTIN (FRENCH PART)1
SAINT PIERRE AND MIQUELON3
SAINT VINCENT AND THE GRENADINES437
SAMOA98
SAN MARINO31
SAO TOME AND PRINCIPE8
SAUDI ARABIA421
SENEGAL50
SERBIA76
SEYCHELLES337
SIERRA LEONE9
SINGAPORE5555
SINT MAARTEN (DUTCH PART)20
SLOVAKIA205
SLOVENIA192
SOLOMON ISLANDS11
SOMALIA9
SOUTH AFRICA2481
SOUTH SUDAN13
SPAIN4195
SRI LANKA59
SUDAN38
SURINAME13
SVALBARD AND JAN MAYEN2
SWAZILAND14
SWEDEN1938
SWITZERLAND6759
SYRIAN ARAB REPUBLIC9
TAIWAN2094
TAJIKISTAN34
TANZANIA, UNITED REPUBLIC OF40
THAILAND5097
TIMOR-LESTE5
TOGO28
TONGA6
TRINIDAD AND TOBAGO108
TUNISIA352
TURKEY976
TURKMENISTAN13
TURKS AND CAICOS ISLANDS115
UGANDA42
UKRAINE811
UNITED ARAB EMIRATES1039
UNITED KINGDOM35311
UNITED STATES1621
UNITED STATES MINOR OUTLYING ISLANDS11
URUGUAY248
UZBEKISTAN35
VANUATU103
VENEZUELA, BOLIVARIAN REPUBLIC OF58
VIET NAM232
VIRGIN ISLANDS (BRITISH)14650
VIRGIN ISLANDS (U.S.)5
WALLIS AND FUTUNA1
WEST BANK AND GAZA22
WESTERN SAHARA2
YEMEN21
ZAMBIA37
ZIMBABWE44
Grand Total398395
Source: IRS

FATCA FAQ

FATCA is designed to stop US taxpayers from hiding their money offshore to avoid tax. Read the official information on the IRS website here.

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.

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