FATCA Regulations at Raiffeisen Bank d.d. Bosnia and Herzegovina
FATCA
The Foreign Account Tax Compliance Act (FATCA) is U.S. legislation enacted and adopted on March 18, 2010, with implementation starting on July 1, 2014.
Essentially, FATCA requires foreign financial institutions to report information about accounts held by U.S. clients to the U.S. tax authorities (U.S. IRS) based on indications of U.S. status.
Raiffeisen Bank d.d. BiH, as a member of the Raiffeisen Group, has recognized the importance of FATCA regulations and aligned its operations with FATCA requirements.
Raiffeisen Bank d.d. Bosnia and Herzegovina has already registered on the U.S. IRS website with the FATCA status “Participating Financial Institution not covered by an IGA” and received the number “28CWN4.00005.ME.070” as its Global Intermediary Identification Number (GIIN). If you have additional questions, please contact the FATCA officer.