In March 2010, the US signed the Foreign Account Tax Compliance Act (FATCA).
On July 1, 2014, the FATCA went into effect, which applies to financial institutions operating in the United States, as well as abroad. FATCA expands existing documentation, reporting, and tax withholding requirements for U.S. taxpayers investing outside the U.S. to minimize U.S. fiscal evasion. The new legislation promotes better tax compliance by prohibiting US citizens from using financial institutions and foreign entities outside the US to avoid US taxation of their income and assets.
June 26, 2014 Ukraine has reached a material agreement with the United States under the terms of the Model Intergovernmental Agreement 1 and consented to be listed by the U.S. Treasury Department and the IRS.
JSC "COMINBANK" has registered on the IRS website in full compliance with FATCA as a reporting financial institution under Model 1 IGA and received the Global Intermediary Identification Number (GIIN) B14FRZ.99999.SL.804, which is also publicly available at https://apps.irs.gov/app/fatcaFfiList/flu.jsf The list of forms and detailed requirements for their completion is available on the official IRS https://www.irs.gov/