Non-FATCA Banks in Venezuela



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
100% Banco MNKV1T.99999.SL.862
100% Banco, Banco Universal, C.A.
Venezuela, Bolivarian Republic of
Arrendadora Financiera Empresarial, C.A. ANFICO NONE
Bancamiga Banco Microfinanciero, C.A. NONE
BanCaribe DKJWYI.99999.SL.862
Banco del Caribe C.A., BU Bancaribe
Venezuela, Bolivarian Republic of
Banco Activo 9QI646.99999.SL.862
Banco Activo, C.A. Banco Universal
Venezuela, Bolivarian Republic of
Banco Agrícola de Venezuela NONE
Banco Caroní 6DYAXP.99999.SL.862
BANCO CARONI C.A. Banco Universal
Venezuela, Bolivarian Republic of
Banco de Comercio Exterior NONE
Banco de Venezuela J8Q1BL.00000.LE.862
Banco de Venezuela S.A., Banco Universal
Venezuela, Bolivarian Republic of
Banco del Tesoro YZ7KP0.99999.SL.862
Banco del Tesoro, C.A., Banco Universal
Venezuela, Bolivarian Republic of
Banco Espírito Santo IL464K.00000.BR.862
Branch
Venezuela, Bolivarian Republic of
Banco Exterior DS9LVU.00000.SP.862
Banco Exterior Banco Universal, C.A.
Venezuela, Bolivarian Republic of
Banco Guayana NONE
Banco Internacional de desarrollo C.A. NONE
Banco Mercantil N0BAJ1.00001.ME.862
Mercantil, C.A. Banco Universal
Venezuela, Bolivarian Republic of
Banco Nacional de Crédito QQWIBA.99999.SL.862
Banco Nacional de Credito, C.A. BU
Venezuela, Bolivarian Republic of
Banco Nacional de Vivienda y el Hábitat NONE
Banco Occidental de Descuento WIVUK9.99999.SL.862
BANCO OCCIDENTAL DE DESCUENTO, B.U.C.A
Venezuela, Bolivarian Republic of
Banco Plaza 3CSRU2.99999.SL.862
Banco Plaza
Venezuela, Bolivarian Republic of
Banco Sofitasa NONE
Bancrecer SA PR56F0.99999.SL.862
BANCRECER, S.A. Banco Microfinanciero
Venezuela, Bolivarian Republic of
Banesco 02XKGF.00000.LE.862
BANESCO BANCO UNIVERSAL, C.A.
Venezuela, Bolivarian Republic of
Bangente MQZ8QM.99999.SL.862
Banco Gente Emprendedora Bangente C.A.
Venezuela, Bolivarian Republic of
Banplus 8IA810.99999.SL.862
Banplus Banco Universal C.A.
Venezuela, Bolivarian Republic of
BBVA Banco Provincial NONE
BFC Banco Fondo Común VVGIA7.99999.SL.862
BFC Banco Fondo Comun, C.A. Banco Univer
Venezuela, Bolivarian Republic of
Citibank NONE
Corp Banca C.A. NONE
Del Sur NONE
Instituto Municipal de Crédito Popular NONE
Mi Banco NONE
Sofioccidente Banco de Inversión 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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