FAQs

The information I have been asked for on the Personal Details Update form is similar to the information I have been asked regarding my FATCA status. What is the difference?

Even if you have provided information for FATCA, you may still need to provide additional information for the CRS as these are different regulations with different requirements.

FATCA is US Law and requires financial institutions to identify US Persons and report in line with local FATCA regulations, based on citizenship. The CRS requires financial institutions to identify the tax residency of all our customers and in most cases report information on customers who are tax resident outside of the country where they hold their accounts.

- Submitted on 29th Feb 2020

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