Tax Crime and Transparency

The terms

• Non-Financial Foreign Entity (NFFE)

  An NFFE is a non-US entity that sits outside the financial sector, such as a trading or manufacturing company, which is classed as active or passive for tax reporting under FATCA and CRS.

  Domain: Financial Crime

• Offshore Account

  An offshore account is a bank or investment account held in a country other than the one where the account holder lives or is based, often in a place chosen for its tax or privacy rules.

  Domain: Financial Crime

• Self-Certification (CRS/FATCA)

  Self-certification is a signed statement by an account holder, given to a financial institution, declaring where they are tax resident and giving their tax identification number for CRS and FATCA reporting.

  Domain: Financial Crime