Non-FATCA Banks in Bangladesh

Don’t rely on this quick-reference guide, whatever you do! Check IRS website for a FATCA GIIN. Also check whether an intergovernmental agreement is in effect: TREASURY

The U.S. Department of the Treasury makes a show of all the jurisdictions entering into IGA’s and all the FATCA-registered FFI’s but for some strange reason they do NOT make it easy to find the jurisdictions without IGA’s or the banks in those jurisdictions that do NOT participate in FATCA.

Typically this website lists banks with a SWIFT BIC, and smaller banks tend not to have a SWIFT BIC.

If it shows a GIIN then they are FATCA registered.

Name of a financial institution	A FATCA-registered financial institution with a similar name
AB BANK LIMITED	1QE7YP.00000.LE.050 AB Bank Limited Bangladesh
AGRANI BANK LIMITED	V1ZHKM.00000.LE.050 Agrani Bank Limited Bangladesh
AL-ARAFAH ISLAMI BANK LTD.	S2WRLR.99999.SL.050 AL-ARAFAH ISLAMI BANK LIMITED Bangladesh
BANGLADESH BANK	NONE
BANGLADESH COMMERCE BANK LTD.	MFP42P.99999.SL.050 Bangladesh Commerce Bank Limited Bangladesh
BANGLADESH DEVELOPMENT BANK LIMITED (BDBL)	DW1HMU.00000.LE.050 Bangladesh Development Bank Limited Bangladesh
BANGLADESH KRISHI BANK	XRHMV9.99999.SL.050 Bangladesh Krishi Bank Bangladesh
BANK ALFALAH LIMITED	1B7NHY.00000.BR.050 Branch Bangladesh
BANK ASIA LTD	L0SJZB.00000.LE.050 Bank Asia Limited Bangladesh
BASIC BANK LIMITED	EZ6JZK.99999.SL.050 BASIC Bank Limited Bangladesh
BRAC BANK LIMITED	SCA2QS.99999.SL.050 BRAC BANK LIMITED Bangladesh
CITIBANK N.A.	NONE
COMMERCIAL BANK OF CEYLON LTD.	3TU322.00000.BR.050 Branch Bangladesh
DHAKA BANK LIMITED	F2N40J.99999.SL.050 Dhaka Bank Ltd. Bangladesh
DUTCH-BANGLA BANK LTD	TZL9LT.99999.SL.050 Dutch-Bangla Bank Ltd. Bangladesh
EASTERN BANK LTD.	M6ZWLY.00000.LE.050 Eastern Bank Limited Bangladesh
EXPORT IMPORT BANK OF BANGLADESH LTD	9PSCLU.00000.LE.050 EXPORT IMPORT BANK OF BANGLADESH LIMITED Bangladesh
FIRST SECURITY ISLAMI BANK LIMITED	Q01E9X.99999.SL.050 First Security Islami Bank Ltd. Bangladesh
HABIB BANK LTD.	GRM1UC.00000.BR.050 Branch Bangladesh
HONGKONG AND SHANGHAI BANKING CORPORATION LTD, THE	4RI52Y.00000.BR.050 Branch Bangladesh
ICB ISLAMIC BANK LIMITED	DXDJVS.99999.SL.050 ICB Islamic Bank Limited Bangladesh
INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LTD.	XKNQE1.99999.SL.050 IFIC Bank Limited Bangladesh
ISLAMI BANK BANGLADESH LTD	P42IWL.00000.LE.050 Islami Bank Bangladesh Limited Bangladesh
JAMUNA BANK LIMITED	HI8VNG.00000.LE.050 Jamuna Bank Limited Bangladesh
JANATA BANK LIMITED	535TF1.00000.LE.050 Janata Bank Limited Bangladesh
MERCANTILE BANK LIMITED	W6LUZH.99999.SL.050 MERCANTILE BANK LIMITED Bangladesh
MUTUAL TRUST BANK LIMITED	IC615U.00000.LE.050 MUTUAL TRUST BANK LIMITED Bangladesh
NATIONAL BANK LIMITED	H53S98.00000.LE.050 National Bank Limited Bangladesh
NATIONAL BANK OF PAKISTAN	8GGQMY.00000.BR.050 Branch Bangladesh
NATIONAL CREDIT AND COMMERCE BANK LIMITED	5403QJ.00000.LE.050 National Credit and Commerce Bank Ltd. Bangladesh
ONE BANK LIMITED	QQ77K6.99999.SL.050 ONE Bank Limited Bangladesh
PRIME BANK LIMITED	IIEGJX.00000.LE.050 Prime Bank Limited Bangladesh
PUBALI BANK LIMITED	PLYEPV.00000.LE.050 PUBALI BANK LIMITED Bangladesh
RUPALI BANK LTD	DE8ZYI.00000.LE.050 Rupali Bank Limited Bangladesh
SHAHJALAL ISLAMI BANK LIMITED	SQ0TE9.00000.LE.050 Shahjalal Islami Bank Limited Bangladesh
SOCIAL ISLAMI BANK LIMITED	S1027V.99999.SL.050 Social Islami Bank Limited Bangladesh
SONALI BANK LIMITED	V185XM.00000.LE.050 Sonali Bank Limited Bangladesh
SOUTHEAST BANK LIMITED	W2PW1Q.99999.SL.050 SOUTHEAST BANK LIMITED Bangladesh
STANDARD BANK LIMITED	E60K59.99999.SL.050 Standard Bank Limited Bangladesh
STATE BANK OF INDIA	JA15AJ.99999.SL.050 STATE BANK OF INDIA, BANGLADESH OPS Bangladesh
THE PREMIER BANK LIMITED	ZN3KYP.99999.SL.050 The Premier Bank Limited Bangladesh
TRUST BANK LTD., THE	XZS2W4.99999.SL.050 TRUST BANK LIMITED Bangladesh
UNITED COMMERCIAL BANK LTD	KLPQKA.00000.LE.050 United Commercial Bank Limited Bangladesh
UTTARA BANK LIMITED	H88B6Z.00000.LE.050 UTTARA BANK LIMITED Bangladesh
WOORI BANK	VBRDNP.00000.BR.050 Branch Bangladesh

The boundaries of the United States of America are the boundaries of the United States of America.

Around the world, people are learning that they are “citizens” of the U.S.A., and faced with criminal charges and devastating financial penalties for failing to report to Washington, D.C. their local bank accounts, when they don’t even live in the United States, and under the laws of their country, they are citizens only of their country.

Complicating the problem is that the U.S. Supreme Court gave them back their citizenship even if they did not want it. The court ruled in a manner consistent with U.S. Constitution, Amendment 14, which says:

All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States, and of the State wherein they reside.

But how can a country unilaterally acquire the authority to tax people overseas? These people are no more U.S.A. “citizens” than U.S. Senator Ted Cruz was a “Canadian” when he learned in 2013 that he was still a citizen of Canada under Canadian law.

The fee to renounce U.S. citizenship is $2,350.00 and they require five years of tax returns and sometimes an exit tax, and in some cases they keep taxing for ten more years. This is unacceptable.

If they want money they should repeal the income tax and use a federal sales tax, based on domestic consumption, which does not invade personal privacy. If you pay with cash there is no paper trail revealing what you buy, so why should there be a paper trail showing how much money you have, or make? Cars built overseas and sold in the U.S.A. would be taxed in the U.S.A., making the U.S.A. more competitive.

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