IRS issues first list of approved Foreign Financial Institutions that are in compliance with FATCA regulations.

As promised, the IRS has released the first list of financial institutions that have obtained their Global Intermediary Identification Numbers (GIINs) and have met the other requirements of FATCA. Taxpayers may now search financial institutions by name, country or GIIN to determine whether the financial institution is in compliance. This list will be updated by the IRS each month.

You can view the list online at http://apps.irs.gov/app/fatcaFfiList/flu.jsf.

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