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1 Route to 2 Reporting Successes

1 Route to 2 Reporting Successes

How to comply with FATCA and CRS without doing twice the work


FATCA + CRS = Twice the work?

Adding CRS reporting alongside what you’re already doing for FATCA might seem like another mountain of work.The problem isn’t just getting to the top of two mountains of work. It’s also moving over shifting ground. The world is still figuring out how to exchange this kind of information, and institutional experience is so limited that change is inevitable going forward. Your approach needs to be flexible so that you can adjust course on route without losing time or incurring extra costs.