FATCA/CRS classifications

Compliance means that an organization adheres to laws and regulations. ABN AMRO Bank complies with laws and regulations. ABN AMRO Group companies also follow these rules. This page contains statements from ABN AMRO Bank.

FATCA stands for Foreign Account Tax Compliance Act. This law requires foreign banks to report data of American customers to the Tax and Customs Administration. CRS stands for Common Reporting Standard. CRS ensures that countries exchange financial information. This helps prevent tax evasion. Both schemes focus on transparency in financial matters. They ensure fair taxation worldwide.

For payments from the United States, you may have to deal with FATCA. Under certain conditions, these payments are made without deduction of tax. Below are the forms you will need.

European Market Infrastructure Regulation (EMIR)

EMIR is a European regulation for companies operating in the EU/EEA. This regulation applies to companies that trade in derivatives. For more information, click here.