FATCA FFI Update and It Doesn’t Look Pretty. September Did Not Break 100,000!
Posted by William Byrnes on September 2, 2014
The IRS published its September list of 99,861 FFIs registered for FATCA. But that’s just an increase of about 4,500 registrations since the August list of 95,239. The disappointing September result is a harbinger of the rough waters ahead for general FATCA compliance. Considering the growth in registrations has slowed dramtically from the July to August increase of only7,246 additional entities (up from 87,993 in July), many industry watchers are sounding the alarm bells.
How Many Foreign Financial Institutions Are Still Not Registered? Most!
read the country by country analysis at International Financial Law Prof Blog.
Read the August analysis and a country-by-country, and IGA, breakdown at International Financial Law Professor
Who We Are?
Haydon Perryman, FATCA Compliance expert of Strevus, and I have been undertaking (and publishing) the leading, same-day, analysis of the previous June 2nd and the July 1st of the FATCA FFI GIIN list by country, by IGA, by EAG, as well as exploring other interesting aspects of registered FFIs, and FATCA compliance documentation (e.g. W-8s and equivalent forms allowed by IGA). Haydon brings the practical side to bear having established the FATCA compliance system for Tier 1 UK institutions and Tier 1 EU ones, and I the academic side being the primary author of Lexis’ Guide to FATCA Compliance and an international tax professor.
free chapter download here —> http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2457671 Number of Pages in PDF File: 58
William Byrnes' Tax, Wealth, and Risk Intelligence 
Getting It Right on FATCA | Deblis & Deblis said
[…] over” on their backs to comply with FATCA. On the contrary, in an article entitled, “FATCA FFI Update and it Doesn’t Look Pretty. September Did Not Break 100,000,” author William Byrnes — my former professor of international tax and a man who I have […]
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Getting It Right on FATCA - Deblis Law 2.0 said
[…] over” on their backs to comply with FATCA. On the contrary, in an article entitled, “FATCA FFI Update and it Doesn’t Look Pretty. September Did Not Break 100,000,” author William Byrnes — my former professor of international tax law and a man who I […]
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David said
Dear Sir
I was victim in bancoBPI Portugal some yesrs ago. It happened when a hacker hacked my email account and sent an email to bank and requested for money transfer. unfortunately, bank did not any control to recognize the sender and without any more documents like forms, signature, and so on transferred the amounts.
Now, my case is under investigation by court. I need some support documents to show that bank have to recognize the sender.
I was surfing in internet in order to find a general roll and regulations to attach to my case. I found your text that indicates about BPI.
It would be great if you could help me in this matter.
Bests
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