Malaysia has gazetted the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) legislations. As a result, Bursa Malaysia Digital Sdn. Bhd. is required to collect and report certain customer information to the local tax authority, the Inland Revenue Board Malaysia (IRBM/LHDN). This includes details on the country of tax residence of customers.

Therefore, when opening a Bursa Gold Dinar (BGD) account, you will be required to complete the FATCA and CRS verification process. This involves declaring your tax residency status and/or confirming whether you are a U.S. Person.