Non-FATCA Banks in Zimbabwe



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
Agricultural Development Bank of Zimbabwe (Agribank) NONE
Allied Bank
(formerly Zimbabwe Allied Banking Group until 04.12.2012)
NONE
Banc ABC
(formerly ABC Bank)
possible match:
AQ3PGL.99999.SL.716
African Banking Corporation of Zimbabwe
Zimbabwe
Barclays Bank of Zimbabwe Limited NONE
Capital Bank
(formerly Renaissance Merchant Bank untill 19.06.2012)
NONE
CBZ Bank Limited
(formerly Commercial Bank of Zimbabwe Limited)
NONE
CBZ Building Society NONE
Central Africa Building Society (CABS) NONE
Ecobank
(formerly Premier Banking Corporation)
TGBLMJ.99999.SL.716
ECOBANK ZIMBABWE LIMITED
Zimbabwe
FBC Bank Limited
(formerly First Banking Corporation Limited)
NONE
FBC Building Society
(formerly Zimbabwe Building Society)
NONE
Interfin Banking Corporation Limited (under curatorship) NONE
Intermarket Banking Corporation NONE
Kingdom Bank Limited (A member of the Afrasia Bank Group) NONE
MBCA Bank Limited NONE
Merchant Banks NONE
Metbank
(formerly Metropolitan Bank of Zimbabwe Limited until 22.05.2012)
NONE
NMB Bank Limited NONE
People’s Own Savings Bank (POSB) NONE
Stanbic Bank Zimbabwe Limited 1ML46I.99999.SL.716
Stanbic Bank Zimbabwe Ltd
Zimbabwe
Standard Chartered Bank Zimbabwe Limited T04M9Y.00090.ME.716
Standard Chartered Bank Zimbabwe Limited
Zimbabwe
Tetrad Investment Bank
(formerly Tetrad Securities Limited)
NONE
TN Bank NONE
ZB Bank Limited
(formerly Zimbabwe Banking Corporation Limited)
NONE
ZB Building Society
(formerly Intermarket Building Society)
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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