FATCA List – March 01, 2015
A global financial imbalance is becoming apparent in the number of financial institutions signing up for the US Foreign Account Tax Compliance Act (FATCA).
FATCA demands any overseas financial organisation handling cash or assets controlled by US taxpayers.
Another 2,479 organisations registered with the Internal Revenue Service (IRS) to confirm they will make detailed reports about the finances of their US clients.
That figure takes the global total to 156,276 registered financial institutions – an increase of 2,479 during February.
FATCA rift
Although, 226 financial jurisdictions have FATCA registered organisations, only 27 have more than a thousand registrations and only two have more than 10,000 – The Cayman Islands with 28,599 and the UK with 22337.
Together, the top two account for a third of FATCA registrations, while the centres with more than a thousand registrations comprise 82% of the total.
However, 52 financial centres have 10 or less registrations, totalling 230 organisations or just 0.1% of the FATCA list.
The next FATCA list is due for publication by the IRS on April 1, 2015.
FATCA Jurisdictions – 1000+ registrations – March 1, 2015
Financial jurisdiction FATCA registrations
CAYMAN ISLANDS 28559
UNITED KINGDOM 22337
LUXEMBOURG 7436
BRAZIL 5129
VIRGIN ISLANDS (BRITISH) 4997
SWITZERLAND 4797
GUERNSEY 4783
JERSEY 4260
CANADA 4149
GERMANY 3872
FRANCE 3805
IRELAND 3805
JAPAN 3656
NETHERLANDS 3232
AUSTRALIA 3187
AUSTRIA 3043
HONG KONG 2866
BERMUDA 2140
MAURITIUS 2096
GIBRALTAR 2052
SINGAPORE 1853
THAILAND 1463
SPAIN 1400
ITALY 1265
NEW ZEALAND 1225
RUSSIAN FEDERATION 1098
CHINA 1011
Grand Total 129516
Source: IRS
FATCA List – March 01, 2015
Financial jurisdiction FATCA registrations
AFGHANISTAN 12
ALAND ISLANDS 1
ALBANIA 20
ALGERIA 6
ANDORRA 35
ANGOLA 26
ANGUILLA 154
ANTIGUA AND BARBUDA 41
ARGENTINA 540
ARMENIA 36
ARUBA 20
AUSTRALIA 3187
AUSTRIA 3043
AZERBAIJAN 71
BAHAMAS 917
BAHRAIN 247
BANGLADESH 87
BARBADOS 182
BELARUS 72
BELGIUM 353
BELIZE 261
BENIN 16
BERMUDA 2140
BHUTAN 1
BOLIVIA, PLURINATIONAL STATE OF 39
BONAIRE, SINT EUSTATIUS AND SABA 12
BOSNIA AND HERZEGOVINA 6
BOTSWANA 32
BOUVET ISLAND 3
BRAZIL 5129
BRITISH INDIAN OCEAN TERRITORY 16
BRUNEI DARUSSALAM 25
BULGARIA 183
BURKINA FASO 9
BURUNDI 10
CAMBODIA 92
CAMEROON 18
CANADA 4149
CAPE VERDE 16
CAYMAN ISLANDS 28559
CENTRAL AFRICAN REPUBLIC 6
CHAD 5
CHILE 387
CHINA 1011
COLOMBIA 237
COMOROS 4
CONGO 7
CONGO, DEMOCRATIC REPUBLIC OF THE 16
COOK ISLANDS 100
COSTA RICA 141
COTE D’IVOIRE 33
CROATIA 88
CURACAO 282
CYPRUS 773
CZECH REPUBLIC 205
DENMARK 357
DJIBOUTI 4
DOMINICA 24
DOMINICAN REPUBLIC 114
ECUADOR 36
EGYPT 229
EL SALVADOR 72
EQUATORIAL GUINEA 6
ESTONIA 43
ETHIOPIA 18
FALKLAND ISLANDS (MALVINAS) 1
FIJI 6
FINLAND 686
FRANCE 3805
FRENCH POLYNESIA 4
FRENCH SOUTHERN TERRITORIES 1
GABON 9
GAMBIA 14
GEORGIA 30
GERMANY 3872
GHANA 56
GIBRALTAR 2052
GREECE 160
GREENLAND 3
GRENADA 33
GUADELOUPE 1
GUAM 4
GUATEMALA 82
GUERNSEY 4783
GUINEA 12
GUINEA-BISSAU 1
GUYANA 11
HAITI 23
HOLY SEE (VATICAN CITY STATE) 1
HONDURAS 52
HONG KONG 2866
HUNGARY 376
ICELAND 21
INDIA 724
INDONESIA 461
IRAQ 62
IRELAND 3805
ISLE OF MAN 997
ISRAEL 694
ITALY 1265
JAMAICA 56
JAPAN 3656
JERSEY 4260
JORDAN 73
KAZAKHSTAN 97
KENYA 74
KIRIBATI 1
KOREA, DEMOCRATIC PEOPLE’S REPUBLIC OF 2
KOREA, REPUBLIC OF 671
KUWAIT 212
KYRGYZSTAN 30
LAO PEOPLE’S DEMOCRATIC REPUBLIC 22
LATVIA 56
LEBANON 155
LESOTHO 6
LIBERIA 73
LIBYA 16
LIECHTENSTEIN 971
LITHUANIA 39
LUXEMBOURG 7436
MACAO 85
MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF 27
MADAGASCAR 9
MALAWI 13
MALAYSIA 529
MALDIVES 7
MALI 11
MALTA 821
MARSHALL ISLANDS 116
MARTINIQUE 1
MAURITANIA 15
MAURITIUS 2096
MEXICO 641
MICRONESIA, FEDERATED STATES OF 1
MOLDOVA, REPUBLIC OF 26
MONACO 137
MONGOLIA 23
MONTENEGRO 13
MONTSERRAT 12
MOROCCO 141
MOZAMBIQUE 19
MYANMAR 22
NAMIBIA 45
NEPAL 36
NETHERLANDS 3232
NEW CALEDONIA 5
NEW ZEALAND 1225
NICARAGUA 21
NIGER 7
NIGERIA 90
NORTHERN MARIANA ISLANDS 1
NORWAY 537
OMAN 35
OTHER 827
PAKISTAN 138
PALAU 1
PANAMA 813
PAPUA NEW GUINEA 5
PARAGUAY 39
PERU 195
PHILIPPINES 220
POLAND 430
PORTUGAL 349
PUERTO RICO 4
QATAR 67
REUNION 1
ROMANIA 135
RUSSIAN FEDERATION 1098
RWANDA 18
SAINT KITTS AND NEVIS 163
SAINT LUCIA 85
SAINT MARTIN (FRENCH PART) 2
SAINT PIERRE AND MIQUELON 1
SAINT VINCENT AND THE GRENADINES 305
SAMOA 55
SAN MARINO 18
SAO TOME AND PRINCIPE 7
SAUDI ARABIA 198
SENEGAL 22
SERBIA 45
SEYCHELLES 164
SIERRA LEONE 10
SINGAPORE 1853
SINT MAARTEN (DUTCH PART) 18
SLOVAKIA 85
SLOVENIA 61
SOLOMON ISLANDS 4
SOMALIA 1
SOUTH AFRICA 736
SOUTH SUDAN 8
SPAIN 1400
SRI LANKA 67
SUDAN 8
SURINAME 11
SWAZILAND 10
SWEDEN 706
SWITZERLAND 4797
TAIWAN 884
TAJIKISTAN 31
TANZANIA, UNITED REPUBLIC OF 30
THAILAND 1463
TIMOR-LESTE 3
TOGO 11
TONGA 2
TRINIDAD AND TOBAGO 80
TUNISIA 77
TURKEY 244
TURKMENISTAN 12
TURKS AND CAICOS ISLANDS 70
UGANDA ` 29
UKRAINE 206
UNITED ARAB EMIRATES 407
UNITED KINGDOM 22337
UNITED STATES 835
URUGUAY 168
UZBEKISTAN 8
VANUATU 10
VENEZUELA, BOLIVARIAN REPUBLIC OF 74
VIET NAM 148
VIRGIN ISLANDS (BRITISH) 4997
VIRGIN ISLANDS (U.S.) 2
WALLIS AND FUTUNA 1
WEST BANK AND GAZA 32
YEMEN 20
ZAMBIA 24
ZIMBABWE 9
Grand Total 156276
Source: IRS
