FATCA/DAC2-CRS
Types of Financial Institution obliged to report to Revenue under FATCA and DAC2-CRS
Financial institutions, for the purpose of the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard and Directive for Administrative Cooperation (DAC2-CRS) can be:
- custodial institutions
- depository institutions
- investment entities
- and
- specified insurance companies.
These include banks, investment traders, fund management companies and trust managers. Credit unions are considered financial institutions for DAC2-CRS but not for FATCA.
From 1 January 2026, entities that hold electronic money products, Central Bank Digital Currencies and crypto-asset derivatives for customers are classified as reporting financial institutions.
For more details on Financial institutions, please see the:
Types of accounts which are reported
If you are non-resident and hold a financial account, your details may be sent to Revenue. This occurs if your account is:
- a depository account
- a custodial account
- a cash value insurance contract
- an annuity contract
- invested in or holds crypto-asset derivatives
- or
- an equity or debt interests in an investment entity.
For more details on Financial institutions, please see the:
Trust accounts shared through AEOI
Accounts held in trust are also considered reportable for FATCA and DAC2-CRS. If you are a non-resident controlling person (for example a settlor, trustee or beneficiary), your details may also be reported to Revenue.
Next: Information reported to Revenue under FATCA and DAC2-CRS