3. What information are you asking individual clients to provide and verify on the Nedbank FATCA and CRS Individual and Controlling person Self-certification form?

Both the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) provide that Nedbank must obtain a valid Nedbank FATCA and CRS Self-certification form at account opening, or where there is a change in circumstances, that allows Nedbank to determine whether you are a US Person* or have tax obligations, tax liabilities or tax residencies outside the  ountry of onboarding.

For the Nedbank FATCA and CRS Self-certification form to be valid it must be signed (or otherwise positively affirmed, i.e., involving some level of active input or confirmation) by the account holder*.

It MUST be dated, and must include the following information relating to the account holder:

• Name of the account holder.
• Identification number of the account holder.
• Physical address of the account holder.
• Postal address of the account holder.
• Date of birth of the account holder.
• Country of birth of the account holder.
• Place of birth of the account holder, if outside the country of onboarding.
• Answers to Nedbank’s two FATCA and CRS questions:
  • Do you hold US citizenship, or are you a US person* or a US national, and/or
  • Do you have tax obligations, tax liabilities or tax residencies outside the country of onboarding?
• Country(ies) of tax residence.
• Tax Identification Number (TIN)* for each country(ies) of tax residence OR reasons for not providing TIN(s) [predetermined reasons].

*For any defined terms please see the Table of terms and definitions.