At the eleventh hour another ten jurisdictions joined in FATCA after fulfilling the terms of intergovernmental agreements (IGAs).
According to US transitional FATCA rules, agreements come into substance before July 1 can be regarded as being in effect through to the end of 2014, considering the IGA is signed on or before December 31, 2014. Only signed IGAs will be considered after that date to be in effect. Algeria, Bahrain, Cape Verde, the Dominican Republic, Haiti, Malaysia, Montenegro, and Serbia were added, from June 30, to the list of countries treated as having reached Model 1 IGAs in substance and to have consented to being included on such list, while Iraq, Moldova, Nicaragua and San Marino were added to the Model 2 IGA list.
