Comparison of the 8 FATCA GIIN Lists (June 2014 -> January 2015): BRIC, EU, NAFTA, and Caribbean

full analysis is available at http://lawprofessors.typepad.com/intfinlaw/2015/01/more-analysis-of-fatca-giin-list-of-january-2015.html

continued from Saturday's post

The June 2, 2014 GIIN list contained 77,353 registrations from 205 countries and jurisdictions.  Of the June registrations, 74 percent were from Model 1 IGAs that had been either signed or recognized as agreed in substance by the IRS.  Approximately 20 percent of these total registrations were from Cayman Islands firms, and 37 percent of the total from the UK and its Crown dependencies and overseas territories.  Cayman Islands remains the FATCA registration leader.  .... 

BRIC Registrations

BRIC remains disappointing  For the initial June list, Brazil led the BRIC countries with 2,258 FFI registrations, followed by Russia (514), India (246) with China only having 211.  Based upon the most recent data, the BRIC countries have thus far shrugged off FATCA.  

During October, India and China competed for FATCA lethargy with only ten FFIs registering from China moving it from 599 to 609 (658 as of the December list, and now 927 for 2015's initial list), and merely two from India for a total of 393 as of the November 1 GIIN list (401 as of December, 442 for January 2015).  Brazil experienced the largest amount of registrations, jumping approximately 400 to 2,841 (3,179 as of December, 3,594 for 2015), whereas only 40 Russian entities registered (961 in November, 993 as of December, and 1,050 for 2015's start).  .... read the full story at the International Financial Law Professor 

3rd edition of Lexis' FATCA Compliance book is ready - Lexis Guide to FATCA Compliance and out soon with substantial more analysis – 1,200 pages over 54 chapters.  Over 50 FATCA compliance experts from tier 1 institutions, former government officials, and professional firms have contributed to create this detailed and robust guide, filled with numerous practical examples and several chapters written specifically for the non-legal, compliance operations officer.  No filler pages of publicly available documents and regurgitated regulations – it’s all beef.  See the Lexis website to order a copy of this 3rd edition.