On 1 December 2020, the Federal Tax Administration (FTA) published FATCA group requests in accordance with Article 12 paragraph 1 of the FATCA Act.
By letters dated 15 October 2020 and 4 November 2020, the IRS requested administrative assistance based on the FATCA Agreement) and the CH-USA DTA. Information is requested on accounts identified as US accounts or as accounts of non-participating financial institutions to which foreign reportable amounts were paid and which the respective financial institution - in the absence of agreement to report the account data - had reported in aggregated form for the years 2014-2019.
The following financial institutions are affected: AROFIN SA, Bank Vontobel AG, Banque Pictet & Cie SA, Barclays Bank (Suisse) SA, CA Indosuez (Switzerland) SA / Crédit Agricole (Suisse) SA, FIBI (Suisse) SA en liquidation, Hinduja Banque (Suisse) SA, Mirabaud & Cie SA, Notenstein La Roche Privatbank AG (Bank Vontobel AG), PKB PRIVATBANK SA, Schroder & Co Bank AG, Union Bancaire Privée (UBP SA) and Zuger Kantonalbank.
The requests are available here.
