FATCA and CRS

Also called Common Reporting Standard.

Tax-reporting declarations required where an applicant has a foreign tax connection.

FATCA is the United States’ foreign account tax compliance regime; CRS is the broader international equivalent. Proposal forms ask a set of questions to identify a foreign tax connection — dual citizenship, foreign tax residency, or a US green card.

Answering yes brings in additional declarations. It does not prevent cover; it changes the paperwork.

FATCA and CRS

Related terms