CRS Reporting Obligations: Date of Birth (DOB)
| Metadata |
Description |
| File Name |
CRS-reporting-obligations-DoB.pdf |
| Category |
Reports & Lists |
| Page Count |
2 pages |
| File Size |
112.6 KB |
| Source Document |
View / Download PDF |
Document Overview
An explanatory note detailing the strict rules and limited exceptions regarding the reporting of Dates of Birth (DOB) for individual Account Holders and Controlling Persons.
Key Takeaways
- Mandates the DOB for all individuals under 'New Accounts' (opened on or after 1 January 2016).
- Confirms that a self-certification is invalid if it lacks the required DOB.
- Explains that exceptions for Pre-existing Accounts are extremely narrow (only when not in records and not domestically required to be collected).
Key Concepts Covered
Deadlines & Timelines Mentioned
- New Accounts (Financial Accounts maintained by a Reporting Financial Institution opened on or after 1 January 2016) The CRS requires reporting of the DOB for all New Accounts with individuals who are Reportable Persons, as the DOB must be collected upon account opening in the self-certification.
