Kbank Wants Info for I.R.S

[Undaunted]

Today at lunch a friend showed me an email from K Bank including a form designated for U.S. expats…as he is British he went to K Bank to ask why he received this and was told all Thai banks will send this form to any expats with accounts in their bank regardless of nationality, he showed me the email it is a form from the U.S. I.R.S. requesting U.S. citizens account info.

https://aseannow.com/topic/1344388-k-ba ... -attached/

[Dodger]

Thanks for the heads-up.

I have an account with K Bank and never received this notice. Sounds strange already (malware?). If I do receive this message I won't open it.

As an American I'm required to provide an FBAR Report to the IRS every year which I always do. The FBAR includes the complete details of my account at K Bank as required.

If the IRS needs additional information from me, or additional forms need to be completed, I'll wait for them to notify me.

At least that's the approach I'm taking.

UPDATE:

Now, after reading the KBank request shown on the Asianow link Undaunted provided the following statement appears in the text:

"The CRS aims to combat tax evasion by individuals residing outside Thailand and to ensure compliance with international taxation standards."

This request, if it's not a scam, appears to be intended for individuals living outside Thailand...not us. Something doesn't add up... But then again, not too many things in Thailand do add up.

[Gaybutton]

I agree with Dodger. I too have a K-Bank account and I have not received any such communication from K-Bank or any other Thai bank where I have an account.

[Jun]

I haven't received an e-mail from K-Bank either.

Assume any incoming e-mail asking for information is a scam, because it almost always is.

[Gaybutton]

Assume any incoming e-mail asking for information is a scam, because it almost always is.

Not almost always. ALWAYS.

"The CRS aims to combat tax evasion by individuals residing outside Thailand and to ensure compliance with international taxation standards. In light of these requirements, we kindly request your cooperation in completing the following steps"

That is part of the Email someone posted at: https://aseannow.com/topic/1344388-k-ba ... -attached/

First, I live in Thailand, not outside of Thailand.

Second, they "kindly request" cooperation, which tells me cooperation is not mandatory. I don't know what the bank could do about it even if it is mandatory, but people refuse to comply. In any case, if I receive that Email, since they are "kindly requesting" I will kindly tell them "Sorry, no - not my problem".

Third, according to this web site ( https://www.oecd.org/content/dam/oecd/e ... tories.pdf ) Thailand signed on to this in 2022. Last time I checked it is nearly 2025. Why are we hearing about this for the first time now?

How many hundreds of times have the banks themselves warned not to respond to those kinds of Emails? I don't trust an Email from a bank or anywhere else requesting my information, so I too am thinking this probably is some sort of scam. Someone would have a rough time convincing me this is legitimate considering some account holders have received this Email and others have not.

Also, not one word about it on their online banking web site, which is the first place I would expect something about this to be posted if it is legitimate, but definitely not on an Email.

In short, I don't see this as anything genuine. Whether I receive an Email or not, I'll be ignoring this.

[Harald]

According to my information emails are genuine. However, if you have not received one, you do not need to do anything.

[Gaybutton]

According to my information emails are genuine.

What information is that and what is the source of it?

[Harald]

Why would not you call to the bank and ask.

[Daleinpattaya]

I am an American and have had a Kasikorn/KBank account for nearly 25 years … I did not receive the referenced email.

[Undaunted]

Legal speculation: