FATCA statistics

Back to Main Story:

The horse may have bolted … but

  • 80,000-plus: the number of financial institutions that have registered with the U.S. government
  • 80-plus: the number of countries the United States has reached final of provisional agreements with for streamlined information exchange, including the Cayman Islands and beginning discussions with China
  • 45,000: the number of U.S. taxpayers who revealed offshore bank accounts through the IRS offshore voluntary disclosure programs (OVDP) since 2009
  • 30:  the number of banking professionals charged by the Department of Justice in offshore tax evasion matters from 2008 to April 2013
  • 60:  the number of U.S. taxpayers charged by the Department of Justice in offshore tax evasion matters from 2008 to April 2013
  • 3,415: the number of U.S. citizens who renounced their citizenship in 2014, the highest number on record


Previous articleDueling venues and the (almost) futility of involuntary bankruptcy
Next articleAppreciating the remaining risks of bankruptcy strip-off of home mortgages
Michael Klein
Michael Klein Editor Pinnacle Media Group Ltd. PO Box 1365, Grand Cayman, KY1-1108, Cayman Islands T: 345-326-1720C: 345-815-0064 E: mklein@pinnaclemedialtd.com Michael is a financial journalist and copywriter.  In the past he has been responsible for the Risk Management and Corporate Finance sections of a British monthly Corporate Treasury publication.  He has written various financial handbooks, notably on European Banking and Cash Management and the Debt Capital Markets.   In addition he has worked as a copywriter for banks and investment funds and served as corporate communications consultant to US and European blue chip companies.   Michael holds an MA in Political Science and International Law from the University of Bonn in Germany. 

Pinnacle Media Ltd

Cayman Financial Review is the only magazine which promotes the Cayman Islands financial services industry at a local and international level. Produced by Cayman’s leading printing and publishing company Pinnacle Media Ltd, the Cayman Financial Review is published quarterly and is distributed in print and online to organisations and associations worldwide as well as at key financial conferences.

Over 30,000 online and targeted printed copies are distributed to clients, their nominated local and international contacts, relevant conference participation lists and a current researched international contact list continuously updated and prepared by Pinnacle Media Ltd. In addition the product has a fully integrated website, a link of which will be sent to ‘Top 500’ legal, accountant, government, insurance, financial service and hedge fund contact list in United States, United Kingdom, Europe, South East Asia, Dubai and the South Americas.

The Compass Centre
Shedden Road
PO Box 1365 GT
Grand Cayman
Cayman Islands
British West Indies

T: +1 (345) 949-5111
F: +1 (345) 949-7675
W: www.caycompass.com