The Common Reporting Standard (CRS) is an information-gathering and reporting requirement for financial institutions in participating countries / territories, to help fight against tax evasion and protect the integrity of tax systems.

The CRS seeks to establish the tax residency of customers. Under the CRS, financial institutions are required to identify customers who appear to be tax resident outside of the country / territory where they hold their accounts and products, and report certain information to our local tax authority, which may then be shared with the tax authority where they are tax resident.

All financial institutions in participating countries / territories are required to be compliant with the CRS.

This will depend on where you live and your circumstances. Please contact a professional tax adviser or check the OECD website for more information on how to determine your tax residency, as Hang Seng Bank Limited, its branches and its subsidiaries ("Hang Seng") cannot give tax advice.

Under the CRS, we are legally required to establish the tax residency status of all our customers, even if you are tax resident in the same country / territory as where you hold your account. However, typically your details will not be reportable to tax authorities for CRS purposes.

Yes. We will only disclose your information to the relevant tax authorities if we are legally required to do so.

For a list of countries / territories participating in the CRS, alongside the dates that they will start exchanging information, please see the OECD website.

For further information on your tax residency, please refer to the rules governing tax residence that have been published by each national tax authority. You can also find out more at the OECD website.