Common Reporting Standard on Automatic Exchange of Information

The Bank has to comply with the Income Tax (Automatic Exchange of Financial Account Information) Rules 2016.For new accounts opened or placement of new funds with the Bank on or after 1 July 2017, the Bank is obliged to ask for the account holder's tax residency status by requiring customers to sign the applicable self-certification forms.
Customers are advised to consult their Tax Advisors when making the self-certification as the Bank place reliance on the information provided. In case your tax residence has changed, you are obliged to report the changes within 30 working days to the Bank.

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