Tax Compliance

CRS & FATCA Reporting with Siron®

Overview

One integrated solution for FATCA & CRS reporting

The world has changed. The Foreign Account Tax Compliance Act (FATCA) was the beginning, the OECD standard for the Automatic Exchange of Information (AEoI) in tax matters the groundbreaking next step. Financial institutions struggle to keep pace with evolving international tax regulations and maintain compliance with growing and complex reporting obligations. FICO TONBELLER's tax compliance solution offers extensive, automated workflow to fulfill FATCA and CRS (Common Reporting Standard) requirements and provides a flexible basis to meet changing future needs quickly and easily.

Solution Architecture

CRS & FATCA compliance

The FATCA & CRS solution collects required customer information and checks it for U.S. taxability or tax residency abroad. Requested documents are stored and evaluation options are available for bank-specific topics - be that customers, check results, or the check status. All CRS and FATCA related data can be forwarded to national or international authorities in full compliance with data-protection regulations. Integrated cockpits using highly developed visualization techniques present the full picture of CRS/FATCA compliance activities for all connected national and international departments and subsidiaries.

Available Products

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