As a regulated financial institution, we are legally required to collect your tax, employment and income details in order to:
Ensure Regulatory and Legal Compliance
We follow national and EU AML/KYC regulations, verifying your financial profile as required by law to prevent illegal activities. Moreover, we comply with applicable legislation.
Prevent Fraud and Financial Crime
Understanding your employment and income helps us detect unusual or suspicious transactions and protect your account from unauthorized activity.
Assess Transaction Risk
Your income information allows us to tailor transaction limits to your financial needs or to your financial situation, contributing to safe and responsible account usage.
Support Transparent & Secure Banking
Income details help us provide you with financial services that may interest you, prevent misuse, and comply with national and international legislation and regulations.
Inform Tax and other Public Authorities
As part of international cooperation on tax matters, we need your tax information in accordance with the requirements of the Common Reporting Standard (CRS) and FATCA (if you are a U.S. taxpayer). This enables us to properly report to the relevant authorities and comply with our international tax obligations. Similarly, we may inform other competent public authorities, as required, to ensure compliance with applicable legislation.
Your privacy is protected. Learn more in our Privacy Policy.