9. As an existing client, what would happen if I fail to complete and return the Nedbank FATCA and CRS Self-certification form to Nedbank by the cut-off date and provide it at a later date?

You have 30 days within which to provide Nedbank with the Nedbank FATCA and CRS Self-certification form, whereafter your account will be restricted. As soon as your self-certification form has been received, then Nedbank will remove the restrictions on your account.

Furthermore, due to the fact that Nedbank does not have sufficient information to determine whether you are a US person* or have tax obligations, tax liabilities or tax residencies outside the country of onboarding, Nedbank will have to report you to the relevant tax authority.

*For any defined terms please see the Table of terms and definitions.