Commercial banks in Serbia have started requesting from their clients to allow their account information to be provided to the US tax authorities, which will soon become an obligation stemming from an international agreement expected to be adopted soon, the National Bank of Serbia (NBS) said on Monday.
Commissioner for Information of Public Importance and Personal Data Protection Rodoljub Sabic, however, reacted to this new practice by banks in Serbia and requested a special monitoring procedure.
The commissioner’s website says Sabic reacted to media reports that banks were requiring new clients to allow their information about their accounts to be sent to US tax authorities in order to be able to set up an account.
The requirements, if existing, are not in the commissioner’s jursdiction as such, but they constitute a violation of the law that the NBS should point out, Sabic stated reports Tanjug.
Source Balkans
