Money laundering regulations

We have to comply with the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 (as amended), so if you are:

• a new customer of karlsruhe Baden Bank or
• an existing customer whose personal identification documents are not up to date

we will need you to provide us with some documentation.

Acceptable proof of identification: (this applies to new and existing customers)

Branch Applications

If applying through a branch, you can use any one of the following:

• Your current valid passport
• Your current valid Irish, UK or European drivers licence (with photo)
• Your EU National Identity Card

Online, Phone or Postal Applications

If you are not able to provide an original at your local branch and you are sending in documents by post, you must provide clean (i.e. legible) photocopies of 2 forms of identification or 1 certified copy of identification from the list above. 

Documents can be certified by Garda Siochana/Police Officer, Practicing Chartered & Certified Public Accountants, Notaries Public / Practicing Solicitors, Embassy/ Consular Staff, Regulated Financial or Credit Institution, Justice of the Peace, Commissioner of Oaths, Medical Professions (doctor).

Please note that all of the above must be in your own name.

Acceptable proof of address (this applies to new and existing customers)

Branch Applications

If applying through a branch, you can use any one of the following:

• A utility bill (dated within the last 6 months) for example, gas, electricity or phone
• A bank or building society statement issued within the last 6 months
• Your notification of Determination of Tax Credits for the current year
• Your original household/health or motor insurance documents (must be less than 12 months old)

Online, Phone or Postal Applications

If you are not able to provide an original at your local branch and you are sending in documents by post, you must provide originals of 2 of the documents listed above. 

Please note that all of the above must be in your own name and address.

Existing customers: Please ensure you quote your BIC and IBAN with documents being submitted.

Proof of your PPSN/Tax Reference Number

We may also need proof of your PPS (Personal Public Service) number.

Any of the following will suffice:

• P60
• P45
• P21 Balancing Statement
• Payslip (where employer is identified by name or tax number)
• Drug payment scheme card
• European health insurance card
• Tax Assessment
• Tax Return Form
• PAYE Notice of Tax Credits
• Child Benefit Award Letter /Book
• Pension Book
• Social Services card

If you are a tax resident outside of Switzerland

OECD Common Reporting Standard (CRS)

In line with the OECD Common Reporting Standard (CRS), financial institutions are obliged to collect and review information to identify the tax residence or multiple tax residences (if any) of their customers. As karlsruhe Baden Bank is a financial institution we are therefore required to collect certain information from our customers.

If you/the Account Holder have a tax residency/or multiple tax residencies outside Switzerland / United States of America, we are required to report the following details in respect of the account to Revenue: name, address, date of birth, place of birth, account number, jurisdiction(s) of residence, Tax Identification Number (“TIN”), account balance and interest payments. Revenue will report this data to the tax authorities of each relevant participating country.

You will be required to provide this information to open an account.

You can find more information on http://www.revenue.ie/en/business/aeoi/index.html