June 15, 2014
Regarding the IRS List published June 2nd 2014
22 are registered in a country called “Other”
13,425 appear to be Participating FFIs i.e. they have what appear to have a valid GIIN and are in a IGA Model 2* jurisdiction.
57,425 appear to be Registered Deemed Compliant FFIs i.e. they appear to have a valid GIIN and are in a IGA Model 1* jurisdiction.
54 have a GIIN that does not match their country
5,841 are from jurisdictions that have no IGA* at the time of writing
586 are in the US or US territories
Some 92% of those registered on this list are in IGA* countries. One could reasonably conclude that registration may have a close correlation to the jurisdiction having an IGA.
An analysis can be downloaded here: 12mb xlsx file
Please note this file is 12mb – you’ll need a fairly modern device if you intend to use this. Also, you’ll need a recent version of Excel because there are more than 66K of rows which means older versions of Excel will not open all the records.
Disclaimer – as I am neither a lawyer nor a tax adviser I do not give tax advice.
* IGA signed or “in substance”.