Non-FATCA Banks in Malawi



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
CDH INVESTMENT BANK (CDHIB)
BLANTYRE
NONE
ECOBANK MALAWI LIMITED
BLANTYRE
VEGNX5.99999.SL.454
Ecobank Malawi Limited
Malawi
FDH BANK LIMITED
BLANTYRE
09W3AC.00000.LE.454
FDH Bank Limited
Malawi
FIRST MERCHANT BANK LTD. MALAWI
BLANTYRE
3EQE9C.99999.SL.454
First Merchant Bank Ltd
Malawi
INDEBANK LIMITED
BLANTYRE
2MTPW2.99999.SL.454
Indebank Limited
Malawi
INTERNATIONAL COMMERCIAL BANK MALAWI
BLANTYRE
NONE
MALAWI SAVINGS BANK LIMITED
BLANTYRE
RCKPFC.99999.SL.454
Malawi Savings Bank Limited
Malawi
NATIONAL BANK OF MALAWI
BLANTYRE
9EU688.99999.SL.454
NATIONAL BANK OF MALAWI
Malawi
NBS BANK LIMITED
BLANTYRE
0ARSPY.99999.SL.454
NBS Bank Limited
Malawi
NEDBANK (MALAWI) LIMITED
BLANTYRE
Z2YIFL.00191.ME.454
Nedbank Malawi
Malawi
OPPORTUNITY INTERNATIONAL BANK OF MALAWI
LILONGWE
NONE
RESERVE BANK OF MALAWI
LILONGWE
NONE
STANDARD BANK LIMITED MALAWI
BLANTYRE
ZQSWDX.00000.LE.454
Standard Bank Ltd Malawi
Malawi
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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