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

[karim8899]

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]

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.