In connection with accession of Ukraine to the CRS Multilateral Agreement and entry into force on 28.04.2023 of the Law of Ukraine dated 20.03.2023 No. 2970-IX «On amendments to the Tax Code of Ukraine and legislative acts of Ukraine regarding the implementation of the international standard for the automatic exchange of information on financial accounts», As a financial agent, PJSC «BANK VOSTOK» (hereinafter referred to as the Bank) is obliged to carry out proper comprehensive diligence of clients' financial accounts and identify among account holders (in certain cases, among their controlling persons) persons who are tax residents of other reporting jurisdictions of information exchange partners. Information on such accounts is submitted to the State Tax Service of Ukraine in the form of a report on reported accounts.
In order to ensure proper comprehensive diligence, the Bank should determine the residency of all customers, regardless of whether they are residents of countries included in the CRS list of reporting jurisdictions.
Thus, when establishing business relations/opening accounts and updating data, all clients of the Bank are required to fill in the documents of self-assessment of the CRS Common Reporting Standard.
Link to the official website of the Ministry of Finance of Ukraine