AB SEB bankas is required to collect foreign taxpayer data

We would like to inform that AB SEB bankas starting from the beginning of the year 2016 is required to collect foreign taxpayer data of its customers, and from the year 2017 to provide such data to the State Tax Inspectorate.

Private customers will be required to specify all countries of tax residence and taxpayer identification numbers. Legal entities that are registered, operating abroad, are foreign taxpayers or generate more than a half of their income from passive activity will be additionally required to specify more information about their controlling persons.

The above information will be collected by requiring to fill out the updated questionnaires. The Bank will request the customers to fill out the questionnaires in compliance with the acts of law regulating prevention of money laundering and terrorist financing, the provisions of EU Council Directive and international treaties on Automatic Exchange of Financial Account Information and also the Know Your Customer principle.

In compliance with the above requirements UAB SEB gyvybės draudimas will also request its clients to provide the above-mentioned data when filling out the client questionnaires and application forms.