We recognize global movements to widen tax regimes across borders such as the enactment into law by the United States government of the Foreign Account Tax Compliance Act. We also value our ability to promote greater international tax transparency and discourage tax abuses and, in support, have a FATCA Compliance unit to ensure the consistent and effective compliance with FATCA regulations throughout the bank and its subsidiaries.

A significant number of countries worldwide have signed the Inter-governmental Agreements (IGAs) relating to FATCA compliance with the United States government. These IGAs will result in the FATCA legislation becoming part of these countries’ local laws. Governments that have signed a Model 1 Intergovernmental Agreement (IGA) with the US have implicit and explicit responsibilities to enable their local Financial Institutions (FIs) to comply with the Foreign Account Tax Compliance Act (FATCA). A Model 1 IGA requires the competent authority or its delegate to collect account holder information, perform a data quality check on the data and then submit consolidated information of certain clients to the Internal Revenue Service (IRS) in a secure manner. On an annual basis, Banks and other Financial Institutions will be required to report information on financial accounts held directly or indirectly by US Persons.

As required under the rules of FATCA, we have appointed a responsible officer to oversee the bank’s compliance with regulations and establish a program to ensure its effective implementation. Our FATCA compliance program provides for additional requirements on customer due diligence and documentation and new reporting guidelines to the relevant tax authorities.

The Bank appears in the U.S. internal revenue service official list of participating financial institutions with the bank’s Global Intermediary Identification Number (GIIN) of CUC04I.00000.LE.608.

Type of Financial Institution (FI): Lead of an Expanded Affiliated Group

FATCA Classification and Date of Registration:
• Participating Foreign Financial Institution: April 23, 2014
• Registered Deemed-Compliant Financial Institution/Reporting Financial Institution under a Model 1 IGA: March 23, 2015

Frequently asked questions

Forms can be downloaded below.

W-8 BEN E (August 2021 version)



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