Recent developments in the international efforts for preventing tax evasion including introduction of the Foreign Account Tax Compliance Act (FATCA) by the U.S. Internal Revenue Service (IRS) aimed primarily at facilitating global information exchange have impacted the financial sector including banks across the globe. As a response to these developments, financial institutions are required to align their customer due diligence/ identification and reporting practices to be able to play their part in facilitating information exchange with U.S. under FATCA.
As a response to FATCA and following State Bank of Pakistan’s (SBP) instructions, National Bank of Pakistan (NBP) is engaged in efforts to ensure compliance with FATCA requirements. As a part of these efforts, National Bank of Pakistan has registered itself with the Internal Revenue Service (IRS) as a Participating Foreign Financial Institution (PFFI) as per the details given below:
FATCA Status: Participating Foreign Financial Institution
GIIN: 8GGQMY.00000.LE.586
Responsible Officer for the lead FFI:
Mr. Saeed Habib
SVP/Divisional Head
Compliance Group
Status of NBP Overseas Branches / Subsidiaries:
NBP Country / Jurisdiction Branch Information |
Global Intermediary Identification Number (GIIN) |
Afghanistan |
8GGQMY.00000.BR.004 |
Azerbaijan |
8GGQMY.00000.BR.031 |
Bahrain |
8GGQMY.00000.BR.048 |
Bangladesh |
8GGQMY.00000.BR.050 |
France |
8GGQMY.00000.BR.250 |
Germany |
8GGQMY.00000.BR.276 |
Hong Kong |
8GGQMY.00000.BR.344 |
Japan |
8GGQMY.00000.BR.392 |
Korea, Republic of |
8GGQMY.00000.BR.410 |
Kyrgyzstan |
8GGQMY.00000.BR.417 |
Saudi Arabia |
8GGQMY.00000.BR.682 |
Turkmenistan |
8GGQMY.00000.BR.795 |
NBP Subsidiary |
Global Intermediary Identification Number (GIIN) |
CJSC NBP Pakistan Subsidiary Bank in Tajikistan |
8GGQMY.00003.ME.762 |
NBP Modaraba Management Company Limited |
8GGQMY.00005.ME.586 |
Taurus Securities Limited |
8GGQMY.00006.ME.586 |
NBP Fullertion Asset Management Limited |
8GGQMY.00007.ME.586 |
CJSC Subsidary Bank of NBP in Kazakhstan |
8GGQMY.00008.ME.398 |
W8 BEN E declaration of National Bank of Pakistan:
W8 BEN E
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