Knowledge Base

← Financial Security: AML/CFT, Anti-Corruption, and Sanctions

Questions

Which form must be completed by a non-US resident client when opening a new account?

W-9
W-8BEN
W-8ECI
W-8IMY

Which body is responsible for overseeing compliance with FATCA obligations in France?

DGFiP
IRS
OECD
ACPR

What is the threshold above which an enhanced review including inquiry with the relationship manager becomes mandatory for pre-existing accounts?

$25,000
$50,000
$500,000
$1,000,000

What is the deadline for transmitting the FATCA XML file to the DGFiP for the year 2025?

June 15
June 30
July 15
July 31

Categorize items by dragging them to the appropriate zones

Items to categorize:

US mailing address
Place of birth in France
US phone number as the sole contact number
Power of attorney granted to a person with a French address
Categories:

US indicator

Non-US indicator

The CRS (Common Reporting Standard) applies only to US residents.

True
False

Penalty for omitted or incorrect information in a FATCA declaration

Click to see answer

French financial institutions must report directly to the US IRS under the FATCA agreement.

True
False