Under FATCA, with respect of each reportable account with an identified US reportable person as account holder, the following information will be exchanged:
- Name
- Address
- Taxpayer Identification Number (TIN) or a date of birth in lieu of a TIN if available
- Account number
- The name of the financial institution
- Account balance at the end of the year or on account closure
- Interest, dividends, or other income
- Gross withdrawals
If the account is held by a US specified person who is an individual, then the above information will be reported. If the account is held by a US entity, then the information on the entity account holder or controlling persons will be reported if they are US connected.
Essentially, the same information reported under FATCA is reportable under CRS, plus:
- Country of residence
- Date of birth
- Place of birth
In addition, where an account is closed, only the fact of its closure must be reported, rather than its closing balance.