Get Citibank Crs Form

A CRS self-certification form is a form to be obtained from an account holder to certify the tax residency status of the account holder and its CRS reporting status. The account holder is responsible for accurately completing the CRS self- certification form.

Generally, all new clients are expected to provide the relevant CRS form to open any new financial account with the Bank. If you do not respond to the Bank's request for a self-certification and depending on the details on your record, the Bank may need to treat your account as a reportable account.

This process is called “self-certification” and we are required to collect this information under the CRS. Is everyone doing this? All financial institutions – that includes banks, insurers and asset management businesses – in participating countries (including Australia) are required to be compliant with the CRS.

The form should be completed by the Account Holder the person who holds the Financial Account, regardless of whether such person is a flow-through Entity.

All banks need to comply with CRS legislation. We are obliged to identify customers if we understand them to be tax resident in one Participating Country but with Financial Accounts held in another.

Citi offices located in countries that have adopted the Common Reporting Standard (CRS) are required to collect and report certain information about an account holder's tax residence status.