Foreign Account Tax Compliance Act
Arab Bank Australia Limited has legal obligations under Australian law pursuant to arrangements entered into by the Australian Government with the United States (U.S.) to comply with the Foreign Account Tax Compliance (FATCA) regulations. FATCA requires complying foreign financial institutions to provide certain information, in the case of financial institutions in Australia to the local regulatory bodies, about certain accounts held (directly or indirectly) by U.S. taxpayers.
In compliance with FATCA, Arab Bank Australia completed its registration with the Internal Revenue Service in the U.S. and obtained a Global Identification Number (GIIN) C85YIU.00002.ME.036 . This GIIN appears on the published Foreign Financial Institution list published by the IRS.
Should you require further information, please contact your local branch to speak to a Customer Service Representative, who will direct your enquiry to the relevant area.