FATCA/CRS

FATCA

FATCA is a U.S. regulatory act that was enacted in 2010 by the U.S. Congress to target non-compliance by U.S. taxpayers using foreign accounts. FATCA generally requires that foreign financial institutions and certain other non-financial foreign entities report on the foreign assets held by their U.S. account holders or be subject to withholding on withholdable payments.

The Bank has registered with the U.S. Internal Revenue Service as a Participating Financial Institution not covered by an IGA. Its Global Intermediary Identification Number (GIIN) is F50PGN.00007.ME.643. 

CRS

The Common Reporting Standard (CRS) is a standard for the automatic exchange of financial information developed by the Organisation for Economic Co-operation and Development (OECD) for the purposes of combating tax evasion. The Russian Federation has joined the CRS by signing the Multilateral Agreement on the Exchange of Financial Account Information. 

Please see the Information Page on the website of the Federal Tax Service of Russia.

It explains CRS requirements, client obligations for individuals and corporates, details that clients must provide to the Bank and implications for those who decline to do so.

Read the Information Page in your language on the website of the National Financial Market Council.