Do the "main-sub" banks in different countries share information?

karim8899

Member
Let's take VTB bank as an example. It’s a Russian bank. It also exists in Armenia. Russia is a CRS country, Armenia isn’t.

Will a VTB bank in Armenia share info with VTB in Russia if a russian citizen opens an account in VTB Armenia? I mean, any russian citizen who opens such an account. Not necessarily the russians who live in Russia permanently – tax residents. But any russians.
 

Martin Everson

Offshore Consultant
Business Angel
Mentor Group
Will a VTB bank in Armenia share info with VTB in Russia if a russian citizen opens an account in VTB Armenia?
No.

However they do have a double tax agreement (DTA) with each other. I would pick a non-Russian banking group if you have this concern. Who knows what VTB has agreed internally with its many entities around the world.
 
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