Dodd-Frank (“US restrictions”) Under Dodd-Frank, it is the residence/domicile in the USA that is decisive. I e the requirements differ from FATCA (where also US citizenship is important).
FATCA
In case the customer is tax resident in the U.S, i.e. holds a U.S. Citizenship or e.g. “green card”, FATCA (the national laws implementing FATCA) will apply. Under these laws the customer have to provide a self-certification including TIN, etc. You can find more detailed information about FATCA on nordea.com. FATCA is applicable to both natural and legal persons..
CRS
The CRS regulation affects customers with a tax residency other than the bank country. The CRS is applicable to both natural and legal persons.