June 2, 2014: FATCA Foreign Financial Institution Registration List and Download Tool
Foreign Account Tax Compliance Act (FATCA)
On June 2, 2014, the IRS published the first list of FATCA compliant Foreign Financial Institutions ("FFIs"). This list contains information related to more than 77,000 FFIs that registered with the IRS as of May 23, 2014 to be compliant with FATCA as either participating FFIs or otherwise registered deemed compliant FFIs (including Reporting Model 1 FFIs). The list may also include limited FFIs and sponsoring entities. (Note that the IRS previously indicated that FFIs needed to be registered by May 5, 2014 to appear on this first FFI List.)
As expected, for each registered FFI, the list provides the name of the organization, the Global Intermediary Identification Number ("GIIN") and the country of the FFI or its branch thereof. This list is available in its entirety in CSV and XML formats. Alternatively, users can search the site by using any combination of an FFI's GIIN, name or country. The listing will be published on a monthly basis, with an entirely new list being published each month. Each updated list will include any new registering FFI and no longer include the name of any FFI that may have notified that IRS that it determined its status had changed and no longer needed to be registered (e.g., an entity in a non-financial group that determined it was no longer an FFI but instead qualified as an excepted non-financial foreign entity or an FFI that was no longer compliant (i.e., a
The FFI registration list can be found at http://apps.irs.gov/app/fatcaFfiList/flu.jsf.
As used in this document, "Deloitte" means Deloitte Tax LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.