DNB Luxembourg

DNB Luxembourg S.A. customers have the responsibility to assess and fulfil any reporting obligations towards the (tax) authorities of the country of (tax) residence regarding the assets deposited with the Bank and the income derived thereof.

Following the obligations defined by the Directive on Administrative Cooperation (Directive 2014/107/UE) that implemented the Common Reporting Standard (“CRS”) the bank may be legally obliged to report to the Luxembourg Tax Authorities some personal information about the Account Holder(s) and financial information about the account held with the bank, such as investment income and assets. The Luxembourg Tax Authorities may exchange this information with tax authorities of another jurisdiction or jurisdictions pursuant to intergovernmental agreements to exchange financial account information. Approximately 100 countries are participating in this automatic exchange of information.