Dear Clients,

In order to implement the efficient mechanism for detection, prevention and avoidance of tax-paying by citizens and tax residents of the USA, carried out by direct or indirect investment of funds beyond jurisdiction of the USA through Foreign Financial institution (FFIs), the Foreign Account Tax Compliance Act – FATCA came into force, which is a legislative act of the USA Government, implemented on July 1, 2014 and adopted in March 2010. FATCA controls include bank accounts opened by US taxpayers. Bank accounts opened by US taxpayers are controlled in accordance with FATCA .

In February 2017 Ukraine and the USA have conducted the intergovernmental Agreement for improvement of tax compliance and applying the provisions of the USA law “Foreign Account Tax Compliance Act”.

JSC “CREDITWEST BANK” is registered by the Internal Revenue Service with FATCA and takes measures to comply the requirement of FATCA.

Global Intermediary Identification Number (GIIN) of JSC “CREDITWEST BANK” is GXBI8M.99999.SL.804.

For more detailed information, please, refer: