Meaning CRS event would be triggered and information would be shared with your tax residency country.
From practice I can't agree with Residence Visa, Emirates ID and local Phone No. the Banks don't report.
Just talked yesterday to a Compliance Officer at local UAE Bank.
Asked him especially about the myths like "reporting for fun"
First of all the bank itself doesn't report under CRS - they pass the information to the Central Bank of the UAE and they report under the CRS criteria. If you have a fully verified resident account from the very beginning with Residence Visa, Emirates ID and local Phone No. the Central Bank of the UAE isn't reporting under CRS as it's not required to report such an account under CRS.
Next - the reporting for fun thing if you are staying outside the UAE or having several IP address from different countries all over the year - that's traced by the bank of course but again has nothing to do with the CRS reporting as the local UAE banks are not required to pass the login details with IP address to the Central Bank of the UAE and as long as your Emirates ID, Residence Visa and Trade License is active the bank doesn't see any reason to close the account.
And we all know what is required to keep the Residence Visa active - being in the UAE every 6 months. Emirates ID renewed every 3 years and renew the Business Trade License once a year.
Even without knowing the aboth and without being a PRO in this whole topic it's obviously what's going on in the UAE for everyone that was ever to Dubai.
But it's up to everybody if he wants to use his brain and see what's obviously.
I only talk about the local UAE banks - not some east european EMI's that are regulated as hell and still are dodgy ones around that are processing the highest of the high risk and getting slapped frequently from the regulator. So in this case I understand that something like "Reporting for fun" happens as it's easier to simply report anybody to anywhere then to being profitable in the EMI game and in the same time doesn't process some shady transactions in the high risk industry and normal retail bank would never touch anyway. All this EMI especially the ones claiming to be crypto friendly are a trap anyway. You have the EMI that isn't asking anything like MisterTango or ePayments in the past that went bust sooner or later or you have the ones that are asking for every 5.000€ tons of documents.
Get out of your comfort zone, leave your home, take a plane, spend some serious money and everything you wish for is there. Downloading a mobile app from some eastern european EMI won't get you anything that is reliable to achieve what most people are looking for here - tax freedom and anonymity - period.