The purpose of transmitting the futility report is to combat tax evasion.

As a credit institution, you have 3 months after the start of the business relationship with the contracting person to record the identification number.
If you were unable to record the identification number, you must transmit the following information to the Federal Central Tax Office (BZSt):

• Personal details and
• details of the address

of each authorized drawer and beneficial owner.

You are obliged to provide the above information in order to maintain the accuracy of your accounts. The account truthfulness applies to every person who wants to keep an account, keep valuables or leave a safe deposit box.

You submit the futility report using an electronic reporting procedure provided by the BZSt.

Note
If you hold a credit account and the credit only serves to

• financing of private consumer goods and
• the credit line does not exceed the amount of EUR 12,000,

you do not need to determine the identification number.