Minister of Finance has signed the FATCA Intergovernmental Agreement between Cyprus and USA (Intergovernmental Model 1 Agreement Foreign Account Tax Compliance Act) with the US ambassador, on the 2nd December 2014.
Further information regarding the FATCA agreement can be found at the IRS official website:
http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compliance-Act-FATCA
FATCA Frequently Asked Questions (FAQs):
http://www.irs.gov/Businesses/Corporations/FATCAFAQs
