Today, the IRS announced in a press release that is has upgraded its Foreign Account Tax Compliance Act (FATCA) online registration system.  The upgrades include: enabling sponsoring entities to register their sponsored entities to obtain a global intermediary identification number; allowing users to update their information, download registration tables and change their financial institution type; and an updated jurisdiction list.  According to IRS Commissioner John Koskinen, “[t]he registration system is the backbone of FATCA... .  These upgrades improve the FATCA process, enabling the registration of sponsored entities and making it easier for registrants to use.”