IRS Publicizes FATCA As Jan 1st Draws Near

Looks like all the banks are “Whistleblowers” now.

IRS vs expats

This is from the FATCA Home Page on IRS web site

FATCA FFI List Resources and Support Information

IRS FFI List
Under the Foreign Account Tax Compliance Act (FATCA), withholding agents must withhold tax on certain payments to foreign financial institutions (FFIs) that do not agree to report certain information to the IRS about their U.S. accounts or accounts of certain foreign entities with substantial U.S. owners.
An FFI may agree to report certain information about its account holders by registering to be FATCA compliant. An FFI that has registered and that has been issued a global intermediary identification number (GIIN) will appear on a published FFI List. The FFI List can be downloaded in its entirety or
searched for specific information (FI name, GIIN or country). Search results can also be downloaded.
Withholding agents may rely on an FFI’s claim of FATCA status based on checking the payee’s GIIN…

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