Alpha Bank London is committed to upholding the highest standards of integrity and compliance with all applicable laws and regulations. As an integral part of this commitment, we adopt a zero-tolerance stance towards any form of knowingly facilitating tax evasion.

Tax evasion is a serious criminal offense that undermines the integrity of the financial system and the trust of our customers, shareholders, and the wider community.

At Alpha Bank London, we:

Comply with Laws and Regulations: We strictly adhere to all relevant laws, regulations, and reporting requirements related to taxation.

Prevent Facilitation of Tax Evasion: We do not tolerate, condone, or facilitate tax evasion by our employees, customers, or any third parties associated with our business activities.

Promote Ethical Conduct: We promote a culture of integrity, honesty, and transparency among our employees, encouraging them to report any suspicions of tax evasion or other unethical behaviour.

Educate and Train: We provide ongoing training and education to our employees to ensure they understand their responsibilities and are equipped to identify and prevent tax evasion.

Collaborate with Authorities: We cooperate fully with tax authorities and law enforcement agencies in their efforts to combat tax evasion, including reporting any suspicions of wrongdoing and providing assistance as required by law.

Reporting – Automatic Exchange of Information

The Automatic Exchange of Information (AEOI) is a global standard developed by the Organisation for Economic Co-operation and Development (OECD) to facilitate the exchange of financial account information between countries. This exchange aims to combat tax evasion by ensuring that tax authorities have access to relevant information about taxpayers’ financial accounts held abroad.

The Common Reporting Standard (CRS) is an initiative by the Organisation for Economic Cooperation and Development (OECD), undertaken through the G20 and adopted by over 100 jurisdictions to facilitate the automatic exchange of information and promote cross-border transparency in tax affairs. The CRS is the first initiative that globalises the automatic exchange of information without requests by authorities.

The Foreign Account Tax Compliance Act (FATCA) is U.S. legislation, and it requires Financial Institutions to collect and report on U.S. owners and U.S. controlling persons of non-U.S. entities. FATCA treats as U.S. owned any foreign entity that has at least one “substantial United States owner”.

In accordance with global standards, Alpha Bank London adheres to the requirements of the Automatic Exchange of Information (AEOI), the Common Reporting Standard (CRS), and the Foreign Account Tax Compliance Act (FATCA).

For more information or to report any concerns related to tax evasion, please contact Alpha Bank London Compliance Department at compliance@alpha-bank.co.uk.