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KYC, CRS und FATCA

FATCA

FATCA means Foreign Account Tax Compliance Act and applies to US taxable private persons and legal entities located outside of the United States. Germany has signed a bilateral agreement to exchange data with the USA to improve tax compliance.

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W-8BEN-E Volkswagen Bank GmbH
Apr 5, 2018
W-8BEN-E Volkswagen Financial Services AG
Mar 16, 2018
W-8BEN-E Volkswagen Leasing GmbH
May 28, 2018

CRS

CRS stands for Common Reporting Standard and is a self-disclosure regarding tax residency of legal entities.

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Self Certification Volkswagen Bank GmbH
Sep 28, 2018
Self Certification Volkswagen Financial Services AG
Nov 10, 2017
Self Certification Volkswagen Leasing GmbH
Nov 10, 2017

KYC

KYC means know-your-customer and is a mandatory verification of private persons and legal entities. The background is the prevention of money laundering, economic crime and terrorism. To standardize the information, the Wolfsberg Questionnaire was developed by the Wolfsberg Group (members are 13 global banks).

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AML Representation Letter Volkswagen Bank GmbH
Jun 28, 2018
Wolfsberg Questionnaire Volkswagen Bank GmbH
Jun 28, 2018
AML Representation Letter Volkswagen Leasing GmbH
Nov 30, 2017
Wolfsberg Questionnaire Volkswagen Leasing GmbH
Nov 30, 2017

Volkswagen Financial Services AG

Due to extensive corporate restructuring of the Volkswagen Financial Services subgroup as of September 1, 2017, Volkswagen Financial Services AG is no longer an addressee or obligor within the meaning of the German Money Laundering Act and does not have any relevant business for any retail or wholesale customers.

More Information

Control and Profit and Loss Transfer Agreement

Control and Profit and Loss
Transfer Agreement