Malaysia Signs Tax Compliance Agreement With US To Share Info On Tax Evaders 23 Jul - 2 min read Malaysia has signed a tax compliance agreement with the United States, joining 113 countries in implementing the Foreign Account Tax Compliance Act (FATCA). FATCA is an initiative by the US aimed at facilitating the exchange of information on tax matters, especially on US citizens. The Ministry of Finance Malaysia revealed that the enactment of FACTA came following the conclusion of an intergovernmental agreement signed on 21 July. The signing of the agreement between treasury secretary-general Datuk Asri Hamidon and US ambassador Brian McFeeters took place virtually in the presence of Deputy Finance Minister II Mohd Shahar Abdullah.