FATCA and AEoI Compliance with Siron® TCR

Fact Sheet
In collaboration with the G20 states, the OECD has prepared a new global standard for the international exchange of financial data. As of 2017, cross-border tax evasion will be further restricted through automatic exchange of information between tax authorities (Automatic Exchange of Information – AEOI). The new standard consists of two parts: common reporting and duediligence concerning the information on financial accounts (Common Reporting Standard – CRS) and a model for bilateral or multilateral intergovernmental agreements that will serve as the basis for the exchange of taxpayer data between these states (Model Competent Authority Agreement – CAA). The financial institutions of the signatory states are obliged to identify the accounts of private persons and companies residing in one of these countries.
Download your free Fact Sheet
Take the next step
Connect with FICO for answers to all your product and solution questions. We look forward to hearing from you.