Non-FATCA Banks in Benin



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
BANK OF AFRICA BENIN
COTONOU
NONE
BANQUE ATLANTIQUE DU BENIN
COTONOU
NONE
BANQUE CENTRALE DES ETATS DE LAFRIQUE DE LOUEST
COTONOU
NONE
BANQUE CENTRALE DES ETATS DE LAFRIQUE DE LOUEST
PARAKOU
NONE
BANQUE INTERNATIONALE DU BENIN
COTONOU
NONE
BANQUE REGIONALE DE SOLIDARITE BENIN
COTONOU
NONE
BANQUE SAHELO SAHARIENNE POUR LINVESTISSEMENT ET LE COMMERCE (BENIN) S.A.
COTONOU
QVRAZI.00003.ME.204
Banque Sahelo Saharienne BSIC Benin
Benin
BGFIBANK BENIN
COTONOU
AJFFFQ.99999.SL.204
BGFIBank Benin
Benin
CONTINENTAL BANK BENIN
COTONOU
FTMA0U.00021.ME.204
Continental Bank Du Benin SA
Benin
DIAMOND BANK BENIN SA
COTONOU
K5PIXH.99999.SL.204
DIAMOND BANK SA
Benin
ECOBANK BENIN
COTONOU
GKKCWI.99999.SL.204
ECOBANK BENIN SA
Benin
ORABANK BENIN
COTONOU
NONE
SOCIETE GENERALE DE BANQUES AU BENIN
COTONOU
QQA6ZW.00119.ME.204
SOCIETE GENERALE-BENIN
Benin
United Bank for Africa Benin (UBA Bénin) NONE
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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