Foreign Account Tax Compliance Act (FATCA) is United States legislation that imposes certain due diligence and reporting obligations on foreign (non-U.S.) financial institutions, including the obligation to report U.S. citizen or tax resident accounts to the U.S. Internal Revenue Service (IRS).
Common Reporting Standard (CRS) is a global reporting standard for the automatic exchange of information developed by the OECD (Organisation for Economic Cooperation and Development). It assists tax authorities to gain a clearer understanding of financial assets held by overseas residents.
Investors can use the following form to self-certify their tax residency:
Anti-money laundering (AML) and counter terrorism financing (CTF) laws require us to collect and report on certain information about an Account Holder’s tax residence.
These forms should be used by Account Holders to self-certify their tax residency and classification.