Am I FATCA or CRS Reportable?

It depends on whether you're a US person (citizen, green card holder, or someone meeting the substantial presence test) and which countries you're a tax resident of vs. where your account is held. Use our free 5-question tool to get a direct answer based on the current OECD CRS commitment list and US Treasury FATCA IGA list, rather than reading general rules and guessing which branch applies to you.

FATCA is a US law: if you're a US person, your foreign bank reports your account to the IRS, either directly (Model 2 IGA) or through your local tax authority (Model 1 IGA). CRS is the OECD's global standard: it applies between two countries that both actively exchange information, based on where you're tax resident and where your account is held. The US does not participate in CRS, it relies on FATCA instead.

Yes. Holding an account outside your home country is legal. What's required is disclosure: reporting the account on your tax return where applicable, and completing the FATCA/CRS self-certification your bank asks for when you open the account. Reportable accounts are automatically disclosed to your tax authority by the bank itself, the point of FATCA/CRS is transparency, not prohibition.

No. The US relies on FATCA instead of CRS for automatic exchange of account information. This is why the tool checks two separate source lists depending on your status: the US Treasury FATCA IGA list if you're a US person, or the OECD CRS commitment list otherwise.

Reporting is handled by the bank itself once you complete the self-certification form, it's not something you do manually. If you believe your bank has your FATCA/CRS status wrong (e.g. citizenship or tax residency recorded incorrectly), contact the bank directly to correct your self-certification; this is a bank compliance-desk matter, not something a self-serve tool can fix for you.

Yes, when structured correctly. Licensed nominee director/shareholder arrangements are legal, disclosed roles used for legitimate succession planning or operational structuring, beneficial ownership is still disclosed to regulators exactly as required by law. It is not a concealment mechanism from tax authorities, courts, or creditors, and no compliant provider offers it as one.