EuropeNorwayLicensed-entity research

DNB Bank ASA

DNB Bank ASA (a bank legal entity registered in Norway; this profile corresponds to this banking entity according to the Finanstilsynet register, not the DNB brand or another company in the group)

DNB Bank ASA is a Norwegian bank legal entity registered with Finanstilsynet. DNB's public information indicates that newcomers to Norway can apply through in-person identity verification and a D-number process, and that there is also an application process without BankID. Public information does not sufficiently confirm whether individuals living abroad or foreign-incorporated businesses can open a new ordinary deposit account with this bank; acceptance must not be promised on this basis.

Regulator: The Financial Supervisory Authority of Norway (Finanstilsynet)
Check date: 2026-10-26
Verify status: Some information pending confirmation

Research scope and official resources

Topic number:europe-dnb-bank-asa

According to the selection record in selection.json, this is a large Nordic bank candidate in The Banker Top 1000 World Banks 2026 (Tier 1 capital measure). The list is only a clue for discovering and selecting institutions; it is not a current top 100 ranking and does not establish that any particular customer can open an account or that an appointment channel is available.

Bank’s official website

Personal Eligibility and Documents

For individual customers, DNB's guidance for people newly arrived in Norway states that applicants must visit a local branch for identity verification; newcomers need a Norwegian D-number, while refugees or asylum seekers may submit an application form even without the passport or other identity documents normally required. DNB also has an application route without BankID, but the public page describes an individual completing a questionnaire, manual review, and a possible branch visit or submission of additional documents by post; it does not establish that the route is available to applicants living outside Norway. DNB's help page expressly states that becoming a customer requires a Norwegian national identity number or D-number; a D-number cannot be used to obtain BankID. The full eligibility requirements for individuals living abroad, whether only existing customers can transfer in, residence/nationality restrictions, and the specific accounts available were not verified in the accessible online account-opening information; confirm these in writing with DNB.

Personal information publicly disclosed or identified

DNB publicly accepts the following identification documents: an unexpired Norwegian or foreign passport, Norwegian immigrant passport, refugee travel document, Norwegian national identity card or an EU/EEA country national identity card, Norwegian driving licence issued after 1998-01-01, and a Norwegian bank card with a photo issued by another bank. DNB states that emergency passports are not valid and its own bank card cannot be used as this form of identification. Source: DNB identification page.
DNB’s process for customers newly arrived in Norway requires presentation of valid identification at a local DNB branch; the page states that new arrivals must have a D-number. Refugees or asylum seekers who lack usual valid identity documents may submit an application form. The page does not list complete requirements for proof of address, employment or residence evidence, or all application form attachments.
General preparation suggestions (not DNB's publicly confirmed account-opening document policy): Consider preparing current residential address information, an explanation of residence/work or the purpose of opening an account in Norway, Norwegian identity number/D number, tax residence self-certification and relevant country tax numbers. The specific documents to be submitted should be based on DNB's case-specific requirements.

Company eligibility and documents

For business customers, DNB's public pages are aimed at businesses with a Norwegian organisation number (organisasjonsnummer) and provide account-opening/become-a-customer entry points for limited liability companies (AS), sole proprietorships (ENK), associations, and other organisational forms. This confirms only that businesses with a Norwegian organisation number can apply via the relevant entry point; it does not mean an application will be approved. The public pages do not confirm eligibility for foreign-registered companies, non-Norwegian beneficial owners, or non-resident directors; minimum business connections; branch/subsidiary requirements; or a complete document checklist applicable to all businesses. DNB must confirm these cases in writing based on the specific organisational form.

Company information publicly disclosed or identified

DNB's publicly confirmed application channel is indexed by Norwegian organisation number and company type; the business account pages reviewed do not list a single complete set of documents applicable to all types of companies.
General preparation suggestions (not DNB's publicly confirmed account-opening requirements): Norwegian company registration/organization number, Articles of Association or formation documents, signing authorization and board resolution, ownership and ultimate beneficial owner structure, controller identity documents, description of business activities and intended account use, source-of-funds documents, and company tax residence/TIN information. First confirm with DNB the actual checklist for the company's type and shareholder structure.

Address, tax, and remote / witnessed procedures

Address and tax

DNB’s page for customers newly arrived in Norway mentions the D-number. The tax authorities explain that individuals may use a Norwegian national identity number, while foreign residents may also use a D-number, and that Norwegian financial institutions must collect tax-residence information and, where applicable, obtain the customer’s foreign tax identification number (TIN). DNB requires customers whose tax residence is outside Norway to submit a signed tax-residence self-certification and a document stating their tax residence; documents must be in Norwegian or English. Customers must notify DNB within 30 days of a change in tax-residence status. The account-opening pages reviewed do not clearly specify the required format for ordinary proof of address, the range of overseas correspondence addresses or a list of countries accepted; these points require individual confirmation.

Remote / witnessing

DNB’s published account-opening route for customers newly arrived in Norway requires them to visit a local branch in person and present identification. The materials reviewed did not confirm whether DNB offers video verification for new accounts for non-residents worldwide, or whether notarisation or attestation by a third party can replace an in-person visit. DNB’s account help page states that when account signatory registration is completed by a method other than online banking, the paper form must be witnessed by two adults, and certain close relatives may not act as witnesses. This rule concerns account signatory registration, not identity verification for account opening, and should not be generalised as an account-opening witness option.

Public process reference

New arrivals in Norway: obtain the applicable Norwegian identity number/D-number as described in DNB’s public guidance, and bring valid identification to a local DNB branch for verification; DNB’s page recommends bringing an interpreter if you cannot use Norwegian or English. The materials reviewed do not promise that verification will result in account approval.
Applications without BankID: individuals complete DNB's form for applicants without BankID themselves; the bank reviews it manually. DNB says it will email applicants within two weeks of receiving an application to let them know whether they can visit the nearest branch or need to mail additional documents. This is an email response timeframe, not a guarantee of final approval or account opening.
Businesses: Companies with a Norwegian organization number should use the DNB business customer application channel appropriate to their organizational form. The specific application steps for foreign-incorporated companies or non-resident-controlled structures have not been publicly verified. First ask DNB to confirm the appropriate channel and document checklist.

Compliance topics, details, and sources

Norway anti-money laundering and customer due diligence (AML/KYC)

Norway’s Anti-Money Laundering Act contains provisions on risk-based customer due diligence, natural-person customer identity, legal-entity customer due diligence, beneficial-owner identification and enhanced due diligence for high-risk cases; Finanstilsynet states that banks must check prospective customers when establishing an account relationship and follow up on the relationship continuously. DNB publicly states that it will learn about customers when establishing a relationship and on an ongoing basis, ask how they intend to use the bank and request relevant documents. The bank determines the document list and review outcome for each specific case.

Source:Norwegian Tax Administration — Information for private individuals who are customers of Norwegian financial institutions ；DNB — Anti-Money Laundering, Anti-Corruption and International Sanctions ；Finanstilsynet — Money laundering and financing of terrorism

Business beneficial owners, control structure and source of funds

Norwegian AML rules apply to due diligence for business customers and beneficial-owner identification; DNB says it learns about customers and the intended use of accounts through enquiries and documents, and keeps information up to date. The ordinary business account-opening page reviewed does not publish a fixed list of UBO thresholds, source-of-funds evidence or source-of-wealth documents. These items can therefore only be described as materials that may be requested depending on risk and business structure, not as a uniform policy publicly disclosed by DNB.

Norway tax-residency information, CRS and FATCA

The Norwegian Tax Administration requires financial institutions to record customers’ tax-residency status and, where applicable, collect foreign TINs; customers must also state whether they are U.S. citizens. DNB explains that under the Norway–U.S. FATCA arrangement it reports relevant account information to the Norwegian tax authorities, which then transmit it to the United States; CRS is a framework for automatic exchange of information between tax authorities in which Norway participates. U.S. citizens may be subject to FATCA reporting based on their U.S. citizenship; the United States should not be described as having joined CRS.

Source:Finanstilsynet — DNB BANK ASA business registration details ；DNB — International tax reporting

Sanctions screening and freezing of funds

DNB expressly discloses that it screens customers and transactions against sanctions lists, freezes transactions that violate applicable international sanctions, and prohibits use of its services to evade sanctions. Norway’s official DEKSA explains that Norway implements UN Security Council sanctions and applies multiple EU restrictive measures; Norwegian sanctions regulations are mandatory. The specific measures applicable vary with the persons or entities involved, the transaction and the latest regulations.

Source:DNB — Anti-Money Laundering, Anti-Corruption and International Sanctions ；Norwegian Export Control and Sanctions Authority — Sanctions

Norway deposit protection

DNB’s official page states that it is a member of the Norwegian Banks’ Guarantee Fund and that deposits of personal and business customers are protected up to 2,000,000 Norwegian kroner (NOK) per depositor per bank, including interest. Multiple accounts at the same bank are combined for this limit. This is protection information stated on the bank’s public page and does not mean that all investments or non-deposit products are covered.

Source:DNB — Deposit guarantee

Compliance evidence

Account-opening compliance and supporting-document checklist

The bank’s stated requirements, local regulations, and preparation recommendations are presented separately. Acceptance in a specific case is subject to confirmation by the bank.

This guide concerns preparations for customer due diligence for personal and legal-entity relationships with Norway’s DNB Bank ASA. DNB’s publicly available pathway for people newly arrived in Norway requires them to present valid identification at a local branch and states that new arrivals must have a Norwegian identity number or D number. This does not confirm eligibility for individuals living abroad or foreign-incorporated companies. Business document requirements and cross-border customer eligibility should be confirmed case by case based on the company’s legal form, actual control structure, and the bank’s response.

Date information checked:2026-10-26

Information evidence package

Personal identity and tax residency information

Who it applies to: Those applying to become personal customers in Norway; this does not confirm availability to nonresidents living abroad.
Documents to Prepare: Prepare a valid passport or other acceptable identity document, and a Norwegian national identity number or D-number. DNB’s published pathway for newcomers to Norway requires in-person verification at a local branch.
If you cannot communicate in Norwegian or English, you may arrange an interpreter as indicated on DNB’s page. DNB says that refugees or asylum seekers who lack the usual documents may still submit an application form, but the outcome is not guaranteed.
If you are a tax resident outside Norway, it is advisable to prepare a signed tax-residence self-certification and documents showing your tax residence. DNB requires relevant documents to be in Norwegian or English.
Description: The bank has published in-branch verification and tax document language requirements, but these pages do not specify proof-of-address formats, document certification methods or a complete attachment list applicable to all applicants. Do not assume a standard three-month proof of address or remote account opening from overseas.

Source:DNB — How to become a bank customer in Norway；DNB — International tax reporting

Corporate Identity, Authorization, and Control Chain

Who it applies to: Preparation guidance for applications by Norwegian or foreign legal entities; acceptance of foreign companies, non-resident directors or shareholders has not been confirmed.
Documents to Prepare: Organize the company name, legal form, organization number, registered address, and details of the managing director and directors in accordance with Norwegian statutory due diligence requirements. Prepare an official registry extract or registration certificate for the bank to verify.
Under Section 13 of Norway’s Anti-Money Laundering Act, relevant legal entity registration details must be verified by searching public registers or obtaining a registration certificate. The certificate must be no more than three months old. This requirement concerns the registration certificate, not the validity period of general proof of address.
As a preparation suggestion, organize the shareholder register, ownership structure chart, intermediate holding entities at each level, articles of association, and shareholder agreements, and identify voting rights, the power to appoint/remove directors, or other control rights. Also prepare the representative's identification and proof of authority.
Description: The law requires understanding and recording ownership and control structures, and identifying and reasonably verifying beneficial owners; the combination of materials above is a preparation approach to facilitate verification, not a representation that DNB has published a mandatory checklist applicable to all companies. Confirm with DNB requirements for originals, certified copies, translations, and document submission channels.

Source:Lovdata — Act relating to Measures to Combat Money Laundering and Terrorist Financing

Business, account purpose and flow of funds

Who it applies to: Recommended preparation for individual or business customers, especially applicants with complex ownership structures, cross-border payments, or anticipated large transactions.
Documents to Prepare: Prepare a brief written explanation of actual business activities, account-opening purpose, countries where main counterparties are located, and expected types, amounts and frequency of incoming and outgoing transactions. Avoid forecasts that do not match the actual business.
Prepare traceable evidence based on the source of funds, such as sales contracts and invoices, financial statements, payroll or dividend records, asset sale documents, investment agreements and corresponding bank statements. Select documents that explain the funds to be invested; do not describe any one document as universally required by DNB.
It is advisable to prepare a basic description of the customers, main counterparties, and actual business locations, and ensure the anticipated account activity is consistent with the scale of the business, source of funds, and operating materials submitted.
Description: DNB expressly states that it asks about customers’ identities and intended use of the bank and requires relevant documents. A standard list of source-of-funds or source-of-wealth documents, monetary thresholds, and translation or certification rules has not been published; the bank may ask additional questions based on risk.

Source:DNB — Anti-Money Laundering, Anti-Corruption and International Sanctions；Lovdata — Act relating to Measures to Combat Money Laundering and Terrorist Financing

Due diligence and enhanced verification

Beneficial Owners and Controllers

Basis for Verification: Article 14 of Norway’s Anti-Money Laundering Act requires beneficial owners of non-natural-person customers to be identified. Identification may be triggered where a natural person directly or through a control chain holds more than 25% of ownership interests, controls more than 25% of voting rights, has the right to appoint or remove a majority of the board, or otherwise exercises actual control through an agreement or other means; the article provides an exception for qualifying companies listed on a regulated EEA market and their majority-owned subsidiaries. This is a Norwegian standard, not a globally uniform threshold.
Preparation recommendation: Provide a tier-by-tier ownership chart showing interests/voting rights at each tier, director appointment/removal rights, contractual control, and the ultimate individuals. If no beneficial owner can be identified or the structure is difficult to determine, prepare an explanation of the verification steps taken and their basis for the bank to assess.
Scope: Statutory due diligence in Norway; this is not equivalent to DNB’s publicly disclosed internal risk thresholds or business account document list.

Source:Lovdata — Act relating to Measures to Combat Money Laundering and Terrorist Financing

High-Risk Relationships and Source of Funds/Wealth

Basis for Verification: Article 17 of Norway’s Act requires enhanced due diligence when the risk of money laundering or terrorist financing is high, to obtain a more complete understanding of the customer, beneficial owner, and the purpose and nature of the relationship. DNB publicly states that it asks questions and requests documents, but has not published a specific set of documents applicable to all high-risk customers.
Preparation recommendation: It is advisable to match proposed incoming funds transaction by transaction to contracts, statements, transaction records, or proof of asset disposal. If a shareholder loan, intra-group transaction, or third-party payment differs from normal business, separately provide the relationship, commercial rationale, amount, and source-of-funds explanation.
Scope: Enhanced due diligence is a statutory obligation in Norway triggered by risk. The listed supporting documents are general preparation suggestions; the specific depth of checks is determined by the bank on a case-by-case basis.

Source:DNB — Anti-Money Laundering, Anti-Corruption and International Sanctions；Lovdata — Act relating to Measures to Combat Money Laundering and Terrorist Financing

PEPs, relatives/close associates and sanctions

Basis for Verification: Article 18 of Norway’s Act requires enhanced due diligence for politically exposed persons and their close family members and close associates, including management approval and measures to understand source of wealth and source of funds; this does not mean that PEP status alone necessarily results in an account refusal. DNB publicly states that it screens customers and transactions against sanctions lists and must freeze transactions that violate applicable sanctions.
Preparation recommendation: It is advisable for relevant individuals to truthfully explain public office/relationships, appointment periods, how their wealth was accumulated and the source of funds for this transaction. The company should check the names, countries and ownership of beneficiaries, authorized persons and major counterparties, and prepare identity-distinguishing information in the event of a name match.
Scope: PEP measures apply under Norwegian law; sanctions screening is described publicly by DNB. Specific internal match criteria, review times, and customer risk-acceptance limits are not publicly disclosed.

Source:DNB — Anti-Money Laundering, Anti-Corruption and International Sanctions；Lovdata — Act relating to Measures to Combat Money Laundering and Terrorist Financing

Cross-Border Tax Residence and Changes to Information

Basis for Verification: DNB states that customers whose tax residence is outside Norway must submit a completed and signed tax-residence self-certification and a document stating their tax residence. Documents must be in Norwegian or English. The bank must be notified within 30 days of a change in tax-residence status.
Preparation recommendation: It is advisable to list all tax residences and corresponding tax identification numbers in advance, and check that the self-certification is consistent with identity documents and proof of residence. Confirm with DNB the specific requirements for tax identification numbers, entity tax documents and other supporting materials.
Scope: The bank expressly sets out DNB’s tax information requirements. The list of tax identification numbers is only a preparation recommendation; it does not establish that the bank’s page requires a uniform submission format.

Source:DNB — International tax reporting

Ongoing maintenance obligations

Keep customer and control information accurate

DNB states that customer information is collected when a relationship is established and continuously reviewed and updated, and that customers are also asked questions periodically. Norwegian law requires ongoing, risk-based due diligence. Businesses should promptly contact the bank and prepare updated evidence when shareholders, controllers, directors, authorised persons, business activities or contact details change. DNB has not published a standard review interval on that page.

Source:DNB — Anti-Money Laundering, Anti-Corruption and International Sanctions；Lovdata — Act relating to Measures to Combat Money Laundering and Terrorist Financing

Explanation of transactions and source of funds

DNB monitors account transactions; Norwegian law requires ongoing checks that transactions are consistent with the customer, business and risk profile known to the bank, the source of funds, and the purpose of the relationship. It is advisable to retain contracts, invoices, statements, and supporting evidence for internal group payments, and to provide verifiable explanations along the transaction chain when asked by the bank.

Source:DNB — Anti-Money Laundering, Anti-Corruption and International Sanctions；Lovdata — Act relating to Measures to Combat Money Laundering and Terrorist Financing

Changes to Tax Residency and Additional Document Requests

Notify DNB within 30 days of a change in tax residency status and submit self-certification and proof of residence in Norwegian or English as requested. The bank may continue to ask for customer information; its public pages do not specify a fixed update frequency for all customers.

Source:DNB — Anti-Money Laundering, Anti-Corruption and International Sanctions；DNB — International tax reporting

Please confirm with the bank before booking

Will DNB accept this applicant’s specific customer type, residence or place of registration, company form, and non-resident shareholders or directors? Which account-opening route should be used?
Must corporate registry extracts, articles of association, shareholder registers, and identity documents be submitted as originals, certified copies, or electronic registry searches? Are translation, notarization, or legalization required?
What control-chain and identity verification documents does DNB require for our company's direct and indirect ownership, voting rights, and other controlling persons?
Based on this business and its expected transactions, what supporting documents does DNB require for account purpose, source of funds, or source of wealth? Do payments from third parties, within the group, or from high-risk countries require additional explanations?
Must an individual application be made in person at a Norwegian branch? Are any remote identity-verification or overseas-submission options accepted, and for which places of residence and accounts?
How should tax self-certification and proof of foreign tax residency be submitted; beyond DNB’s published Norwegian/English language requirement, is a TIN or entity classification document also required?

Not confirmed by public information

DNB's public information does not confirm general eligibility for individuals living abroad or foreign-incorporated businesses to open new accounts, and does not publish a list of eligible countries, a minimum level of business connection to Norway, or a complete standard list of documents for each type of company.
The three-month limit for registration certificates derives from provisions of Norway's Anti-Money Laundering Act on verifying certain corporate registration information. This does not imply that all other identity, address or financial documents must have been issued within the past three months.
DNB has not published a standard policy on the pages verified regarding originals or certified copies, translation, notarisation, proof-of-address formats, supplementary documents for complex ownership structures, or whether in-person verification can be replaced remotely; these points require individual confirmation.
Approval time, whether an account will be approved, case-specific fees, minimum balances, transaction limits, and the bank’s internal risk acceptance standards have not been fully confirmed by the sources above; fees or response times for individual applications without BankID must not be generalized to other customers or businesses.

Sources & Scope of Verification

DNB — How to become a bank customer in Norway
DNB explains that individuals newly arrived in Norway must present valid identification at a branch, need a Norwegian identity number or D-number, and may require language assistance; it also describes application circumstances for some refugees and asylum seekers. This does not establish eligibility for non-residents to open an account remotely from abroad.
DNB — Anti-Money Laundering, Anti-Corruption and International Sanctions
DNB expressly states that it collects and reviews customer information when a relationship is established and on an ongoing basis, asks about the purpose of the relationship and requests documents, and continuously monitors transactions and screens sanctions lists. It has not published a standard information checklist or internal risk thresholds for each customer category.
Lovdata — Act relating to Measures to Combat Money Laundering and Terrorist Financing
Official English-language statutory provisions §§9, 13, 14, 17, 18, 24: statutory obligations include verifying company registration information, identifying the control structure and beneficial owners, enhanced due diligence, and ongoing transaction monitoring. §13 states that proof of registration must be no more than three months old; §14 sets out Norwegian beneficial owner identification standards and related exceptions.
DNB — International tax reporting
DNB’s express requirements for customers who are tax residents abroad to sign a self-certification, provide supporting proof of residence in Norwegian or English, and notify DNB within 30 days of a change in tax-residence status.

Fees and timelines

DNB publicly lists a fee of 650 Norwegian kroner (NOK) for individual applications without BankID, deducted from the account after the customer relationship is established. This fee is zero for applicants under 18 years of age or those becoming customers to open a security deposit account. The page states that an email explaining the next steps will be sent within two weeks of receiving the application, but this is not the final account-opening timeframe. Apart from the above no-BankID application scenario, the public pages reviewed did not verify an account-opening fee, minimum deposit, account limits or complete processing time applicable to all customers or products. The fee or timeframe must not be generalised.

Limitations and practical considerations

The publicly confirmed process for individuals newly arriving in Norway requires identity verification at a local branch and mentions a D-number on the page; this does not support the claim that an account can be opened remotely from anywhere in the world.
DNB’s help page states that a Norwegian national identity number or D-number is required to become a customer. A BankID cannot be obtained with a D-number. The existence of an application process without BankID does not establish eligibility to open an account remotely from abroad.
Whether individuals residing overseas may open a new standalone deposit account and which countries/products are eligible could not be verified from accessible DNB official account-opening information. Confirm in writing with the bank; do not rely on search-result snippets in place of page evidence.
DNB's public business application channel is for companies that already have a Norwegian organisation number; acceptance of foreign-incorporated companies and non-resident shareholders/controllers, applicable business scope, and any additional documents have not been verified.
DNB may request additional information or decline an application based on customer risk, account purpose, ownership and control structure, and transaction activity. The published process does not constitute a commitment to accept an application.
This profile is based on publicly available research. It is not an account-opening channel that Rengangyongsheng (Hong Kong) Limited can currently arrange an appointment for or has established a cooperation arrangement with; nor does it guarantee account opening, tax outcomes, or legal outcomes.

Licensing evidence and regulatory verification

An official Finanstilsynet company register entry has been located for DNB BANK ASA, organisation number 984851006, explicitly listing the licence category “Bank,” under Sections 3-2 in conjunction with Sections 2-7 of Norway’s Financial Institutions and Financial Groups Act (No. 17 of 2015 year 4 month 10 day). The supervisory authority is Finanstilsynet, and the registration date is 2006-01-01. The entry also lists other categories, including custody, securities and insurance agency. This file confirms only the banking licence registration under “Bank” and does not infer unlisted product permissions or eligibility to open accounts from abroad. The entry does not provide a separate licence number.

The Financial Supervisory Authority of Norway (Finanstilsynet) Official registration or record

Information sources

DNB — How to become a bank customer in Norway
DNB’s published route for individuals newly arrived in Norway: visit a local branch and present valid identification; provide information about their D-number; and, for refugees or asylum seekers lacking usual identity documents, submit an application form.
DNB — Proof of identity and updated customer information
Types of identification documents publicly accepted by DNB, the requirement that documents be unexpired, emergency passports not accepted, and DNB's own bank card not usable as this form of identification.
DNB — Bli kunde uten BankID
Applications without BankID are completed by the applicant and manually reviewed; a fee of 650 NOK and expressly stated free exceptions apply. Within two weeks of receiving the application, an email will explain the next steps for visiting a branch or submitting additional documents by post.
DNB — Bli bedriftskunde for etablerte bedrifter
DNB has a business customer entry point for entities with a Norwegian organisation number and categories for AS, ENK, associations and other organisation types. The page does not list eligibility for foreign-registered companies or a complete standard document list.
Finanstilsynet — DNB BANK ASA business registration details
The official record lists DNB BANK ASA, organization number 984851006, LEI, registered address, Bank category, sections 3-2 of the Financial Enterprises Act read together with sections 2-7, supervision by Finanstilsynet, and registration date 2006-01-01.
DNB — International tax reporting
DNB explains the collection of CRS/FATCA tax information, the requirement for non-Norwegian tax residents to submit a signed self-certification and a document stating their tax residence, the language requirements for documents, and the requirement to notify the bank within 30 days of a change in tax-residence status.
Norwegian Tax Administration — Information for private individuals who are customers of Norwegian financial institutions
Norwegian financial institutions’ statutory obligations to record tax-residency and U.S. citizenship status and, where applicable, collect foreign TINs; background on CRS/FATCA information reporting and exchange.
DNB — Anti-Money Laundering, Anti-Corruption and International Sanctions
DNB establishes and regularly updates customer information, asks customers how they use the bank and requests documents, monitors transactions, screens customers and transactions against sanctions, and freezes transactions that violate sanctions.
Finanstilsynet — Money laundering and financing of terrorism
Norway’s AML Act requires banks to examine prospective customers when establishing a customer relationship and to monitor them continuously; Finanstilsynet’s supervisory responsibilities and available enforcement measures, as well as Norwegian sanctions measures, apply alongside AML rules.
Norwegian Export Control and Sanctions Authority — Sanctions
Norway implements United Nations Security Council sanctions and various EU restrictive measures by law; sanctions regulations are binding on everyone, and financial sanctions may involve asset freezes and prohibitions on making funds available.
DNB — Deposit guarantee
DNB is a member of Norway's deposit guarantee scheme; the deposit limit is 2,000,000 NOK, including interest, calculated per depositor per bank and applicable to both individual and business customers.
DNB — Account
DNB's process for registering account authorised signatories and the requirement for two adult witnesses on the paper authorisation form; this distinguishes signatory formalities from identity verification for account opening and is not evidence of witnessing for remote account opening.
DNB — DNB Bank ASA personal data processing notice
DNB Bank ASA states that its business includes banking, insurance agency, custody, securities, and other activities, and explains that personal data is used to provide services, fulfil statutory reporting obligations, prevent money laundering, and for other purposes.
Norwegian Anti-Money Laundering Act — Act relating to Measures to Combat Money Laundering and Terrorist Financing
The official English text and table of contents of Norway’s AML Act list statutory sections on risk-based customer due diligence, due diligence for natural-person and legal-entity customers, beneficial-owner identification, enhanced due diligence and ongoing monitoring, among others; the documents required for a specific application remain subject to the bank’s case-specific requirements.