The US Foreign Account Tax Compliance Act FATCA, operating now for over a decade, saw a total of 404,202 new monthly registrations according to the Internal Revenue Service's (IRS) latest list published in November, up 2,658 from October. By far the highest number of new registrations came from the Cayman Islands where 1,097 financial institutions joined FATCA with 82,309 registrations. In the latest top 10 list, Brazil is considerably further down second position (36,588), and the UK only a touch behind in third place (36,172). Under FATCA, banks and other financial services busin...
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