Tax transparency for international clients

What CRS and FATCA Actually Are

The Common Reporting Standard, CRS, is an international framework under which participating countries' financial institutions collect account information from foreign tax residents and share it automatically with those clients' home tax authorities. FATCA is a similar, US specific framework requiring foreign financial institutions to identify and report accounts held by US persons to US tax authorities. Both exist for the same underlying reason: to make it harder to hide assets from tax authorities by simply holding them in a foreign account.

What This Means for You

• Tax residency self certification, required at onboarding
• Account information reported to relevant authorities under CRS, where applicable
• US persons are subject to FATCA reporting requirements
• You remain responsible for your own tax filings wherever you are resident

Why This Matters for Traders Specifically

If you trade actively and hold accounts across multiple brokers, exchanges, and banks in different countries, CRS reporting means your home tax authority likely already has visibility into more of that activity than banking secrecy's popular reputation might suggest. We would rather be upfront about that than let a client assume otherwise. Good source of funds documentation, the kind we ask for at onboarding, is also generally the same documentation you would want on hand for your own tax filings, so the two obligations tend to reinforce rather than conflict with each other.

This page is here for information only. Please speak with an independent tax advisor about your own situation.