Bouyban Bank is required to comply with the Patriot Act’s provisions, such as implementing Know Your Customer (KYC) protocols, anti-money laundering (AML) measures and customer identification programs (CIP) with a key focus of preventing terrorist financing and money laundering. Failure to comply can lead to legal penalties.
View Boubyan’s Patriot Act Certificate
FATCA mandates that Bouyban Bank report information about U.S. account holders to the IRS with a key focus on ensuring tax compliance and preventing tax evasion by U.S. citizens and entities. Failure to comply can lead to significant penalties including withholding taxes on certain U.S. sourced payments.
Learn more about FATCA
The Global Intermediary Identification Number (GIIN) is a unique identifier issued by the U.S. IRS to Boubyan Group entities that are registered for tracking and verifying FATCA compliance.
| No. | Boubyan Entity | GIIN |
| 1 | Boubyan Bank K.S.C.P | 2ACPDD.00000.LE.414 |
| 2 | Boubyan Capital Investment Company K.S.C.C | 2ACPDD.00001.ME.414 |
| 3 | Boubyan Financial Fund | 2ACPDD.00003.ME.414 |
| 4 | Boubyan KD Money Market Company Ltd | 2ACPDD.00002.ME.136 |
| 5 | Boubyan Multi Asset Holding Fund | 2ACPDD.00004.ME.414 |
The W-8BEN-E is a tax form issued by the U.S. IRS and used by Boubyan Group to certify its status as a foreign entity for U.S. tax purposes and to claim any applicable tax treaty benefits.
View Boubyan's W-8BEN-E
The CRS is a global initiative developed by the Organisation for Economic Co-operation and Development (OECD) with the key focus on improving tax transparency and preventing tax evasion. It requires Boubyan Bank to adhere to regulatory frameworks established by Kuwait’s government to ensure global tax compliance. Boubyan is required to automatically exchange information about financial accounts held by non-residents with the tax authorities of participating countries.
Learn more about CRS
