Non-FATCA Banks in Papua New Guinea



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
Air Niugini Savings & Loan Society Ltd NONE
Alekano Savings & Loan Society Ltd NONE
AUSTRALIA AND NEW ZEALAND BANKING GROUP (PNG) LTD.
PORT MORESBY
GSLUR9.00057.ME.598
Australia and NZ BG PNG Limited
Papua New Guinea
BANK OF PAPUA NEW GUINEA
PORT MORESBY
NONE
BANK OF SOUTH PACIFIC LIMITED
PORT MORESBY
2GJUCU.00000.LE.598
Bank of South Pacific Limited
Papua New Guinea
CBO Savings & Loan Society Ltd NONE
East New Britain Savings & Loan Society Ltd NONE
Federation of Savings & Loan Societies Ltd NONE
Financial & Private Sector Savings & Loan Society Ltd NONE
FIRST INVESTMENT FINANCE LIMITED
PORT MORESBY
NONE
Lae City Council Employees Savings & Loan Society Ltd. NONE
Manus Savings & Loan Society Ltd NONE
MAYBANK (PNG) LIMITED, PORT MORESBY
PORT MORESBY
GQPKMT.00037.ME.598
Maybank PNG Limited
Papua New Guinea
Nambawan Savings and Loan Societies Ltd NONE
Nasfund Contributors Savings & Loan Society Ltd NONE
Niu Ailan Savings & Loan Society Ltd NONE
Mining & Petroleum Savings & Loan Society Ltd (formerly Ok Tedi Mining SLS) NONE
National Farmers Savings & Loan Society Ltd NONE
PNG Power Staff Savings & Loan Society Ltd NONE
PNG Ports Corporation Savings & Loan Society Ltd (formerly PNG Harbours Board Staff SLS) NONE
PNG University of Technology Savings & Loan Society Ltd NONE
Police & State Services Savings & Loan Society Ltd NONE
PTP Savings & Loan Society Ltd NONE
Rural Development Bank Savings & Loan Society Ltd NONE
Sepik Savings & Loan Society Ltd NONE
Teachers Savings & Loan Society Ltd NONE
WaterBoard Staff Savings & Loan Society Ltd NONE
WESTPAC BANK PNG LIMITED
PORT MORESBY
0RVBMG.00083.ME.598
Westpac Bank-PNG-Limited
Papua New Guinea
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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