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. For more information please refer to FATCA Self-Certification Form W-8BEN-E

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.

The Bank certifies that it is a financial institution under the CRS.