Non-FATCA Banks in Cameroon



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
AFRILAND FIRST BANK
YAOUNDE
NONE
BANK OF CREDIT AND COMMERCE CAMEROON S.A.
YAOUNDE
NONE
BANQUE ATLANTIQUE CAMEROUN
DOUALA
NONE
BANQUE DES ETATS DAFRIQUE CENTRALE
YAOUNDE
NONE
BANQUE INTERNATIONALE DU CAMEROUN POUR LEPARGNE ET LE CREDIT
DOUALA
XGE71W.00152.ME.120
BICEC
Cameroon
BGFIBANK CAMEROUN SA
DOUALA
NONE
CITIBANK N.A.
DOUALA
NXUTG8.00059.ME.120
Citibank Cameroon
Cameroon
COMMERCIAL BANK OF CAMEROON
YAOUNDE
NONE
CREDIT COMMUNAUTAIRE DAFRIQUE S.A.
YAOUNDE
NONE
ECOBANK CAMEROUN SA.
DOUALA
U2TZA5.99999.SL.120
Ecobank Cameroun
Cameroon
NATIONAL FINANCIAL CREDIT BANK S.A.
YAOUNDE
NONE
SCB CAMEROUN S.A.
DOUALA
20QJY4.00006.ME.120
Societe Commerciale de Banque Cameroun
Cameroon
SOCIETE GENERALE DE BANQUES AU CAMEROUN
DOUALA
QQA6ZW.00092.ME.120
Societe Generale Cameroun
Cameroon
STANDARD CHARTERED BANK CAMEROON S.A.
YAOUNDE
T04M9Y.00160.ME.120
Standard Chartered Bank Cameroon S.A
Cameroon
UNION BANK OF CAMEROON LTD. (UBC LTD.)
AKWA-DOUALA
NONE
UNITED BANK FOR AFRICA CAMEROON PLC
DOUALA
FTMA0U.00003.ME.120
United Bank for Africa Cameroon Ltd
Cameroon
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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