CRS applies to a wide range of financial accounts held by Individuals and entities. These includes:
- Depository account (e.g. savings or checking accounts)
- Custodial accounts (e.g. Investment portfolio)
- Equity or debt interests in Investment entities
- Cash value insurance contracts
- Annuity contracts.
All accounts must be reviewed by Samoan RFIs to determine if they are held by non-residents and therefore reportable.
