🌐 CRS
Common Reporting Standard — OECD framework. Bahrain exchanges information with 100+ jurisdictions. Financial institutions must identify and report accounts held by foreign tax residents.
🇺🇸 FATCA
Foreign Account Tax Compliance Act — US requirement. Bahrain has signed IGA Model 1. Financial institutions report US person accounts to NBR, which shares with US IRS.
Who Reports?
🏦 Banks, credit unions & savings institutions
📊 Investment funds, mutual funds & ETFs
🛡️ Insurance companies offering investment products
💼 Custodians, brokers & trust companies