Certificate for FATCA and IRS
FATCA - Foreign Account Tax Compliance Act is a US law that governs the taxation of foreign accounts. According to the law, all banks and financial institutions must submit data about their foreign customers to the US Tax Service (IRS) - account numbers, funds on them, account turnover, etc.
Data is transferred to the IRS in a special web application IDES (International Data Exchange Service), which allows you to secure the transmitted information.
To access the IDES environment, you must register on the official website IDES. But to register, the financial institution must first obtain an SSL certificate, which will be required to authenticate the organization, as well as to protect the transmitted data.
A certificate with a private key is used to sign and then decrypt messages that are transmitted from the sender to the IRS and back.
The official website of the US Internal Revenue Service has a list of recommended certifications: https://www.irs.gov/businesses/corporations/digital-certificates
According to this list, we recommend ordering a certificate:
This is a reliable certificate from the accredited certification center Sectigo (formerly Comodo) and is recommended by the IRS for submitting an annual report to the US Internal Revenue Service. And the cost of this certificate is one of the lowest on the market.