10. I no longer have an account with Nedbank; do I still need to provide the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) information?

If you have closed your account during the current year, Nedbank will be required to confirm whether your account is reportable for FATCA and CRS purposes.

If a reportable account* is closed during a reporting period, its details need to be included in Nedbank’s FATCA and CRS return for that period. It is important that you respond to all requests for FATCA and CRS information even if you believe you have already supplied it, or the account has been closed within the year.

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