We provide a number of services across multiple international jurisdictions to enable our clients to comply with the requirements of FATCA and CRS regulations.
$950bn+
assets under administration
2,300+
funds under administration
Supporting 13 of the top 15 private equity firms
An extension of your team
Streamlined processes for increased efficiency
Efficient, effective services to meet your needs
The FATCA and CRS legislation affects all entities (this applies to client entities and in-house entities), as each entity has a responsibility to classify themselves for both FATCA and CRS purposes. Depending on the classification of the entity, further requirements are then applicable, such as performing FATCA and CRS investor due diligence and reporting on an annual basis.
Our team of FATCA and CRS reporting specialists has developed a powerful and flexible FATCA and CRS service offering to help reduce our clients’ compliance burden, assess their requirements and ensure full compliance at every level.
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- One dedicated team
- Unrivalled technical expertise
- Committed service deliver
We can support you with:
- Annual CRS compliance returns
- Assistance with audits
- Assistance with completing and validating self-certifications
- Assistance with completing and validating W forms
- Assistance with porting files in xml format
- Development and document of FATCA/CRS policies and procedures
- FATCA/CRS annual reporting to local portals
- FATCA/CRS classifications
- FATCA/CRS due diligence reviews
- Local and IRS portal (GIIN) registrations
- Provision of FATCA Responsible Officers for the AEOI portals
- Provision of portal delegates for the local AEOI portals
Industry bodies and Affiliations
FACTA / CRS FAQs
FATCA, or the Foreign Account Tax Compliance Act, is a United States legislation aimed at preventing tax evasion by US citizens abroad. It works by requiring financial institutions to report financial account information of US taxpayers to the tax authorities. The Common Reporting Standard (CRS) serves a similar purpose on a global scale, facilitating automatic information exchange between participating countries to combat tax evasion.
FATCA specifically targets US citizens to ensure they are compliant with US tax obligations, while CRS applies globally, encompassing over 100 countries committed to exchanging financial account information.
We provide comprehensive support to ensure full compliance with both FATCA and CRS requirements. Our expertise covers all areas of compliance, offering peace of mind and facilitating global financial transparency.
We aid in navigating the complexities of reporting to tax authorities, ensuring financial account information is accurately reported, and helping institutions understand CRS, free credit report obligations, and credit reporting act requirements.