The CRS services we provide include advice, classification, due diligence, compliance and reporting, helping you to stay on top of your obligations.
The identification, documentation and reporting of the correct and relevant information in a timely manner under CRS as well as the ongoing monitoring of relevant changes require efficient processes to ensure that nothing is overlooked.
Our team of experts provides tailored advisory and reporting services to ensure compliance with your due diligence and reporting obligations. An in-depth technical expertise in the area of CRS paired with extensive practical knowledge form an all-embracing service. We can tell you what to need to do, how and when – or simply do it for you.
The Common Reporting Standard (CRS) for Automatic Exchange of Financial Account Information, developed by the OECD in response to the G20 request, is an Automatic Exchange of Information (AEoI) regime with over 100 participating jurisdictions. It imposes compliance requirements on financial institutions (FI), including identification of account holders through the application of due diligence procedures and reporting of financial information to the relevant authorities, which in turn exchange the information with the relevant partner jurisdictions within their exchange network on an annual basis.
Our CRS services cover the following topics:
We assist you in classifying companies to determine what their obligations are and provide assistance with completing our self-certification forms and other related services.
CRS Impact Assessment
As part of our CRS services, we perform assessments of the CRS impact and reportability of existing or planned structures, including recommendations where remedial action is required.
Our services include the correct and timely preparation and, where possible, submission of reports under CRS. These are performed uniformly, based on the jurisdiction-relevant and up-to-date reporting xml scheme, using secure reporting software hosted in Switzerland and with the provision of client notifications.
We advise clients on how to establish effective policies, procedures and processes for due diligence and ongoing monitoring of relevant changes to ensure compliance with relevant rules and the maintenance of an audit trail.
Not only do we have strong technical understanding of CRS topics, we also have extensive practical experience in dealing with CRS compliance and reporting in a wide range of jurisdictions, having prepared and filed thousands of reports in a large number of jurisdictions over the years.
We deliver solutions that are tailored to meet the individual needs of our customers, based on a close and continuous dialogue. Whether you want to outsource all or part of your processes to us or want our advice in a single matter, our aim is to always provide you with exactly what you need – no more and no less.
We have a holistic mindset and create added value for our clients by not losing sight of the big picture. This enables us to proactively show you structures with which you can align yourself in a long-term and stable way.
If you would like to outsource your reporting to us, or just to get some guidance, get in touch and we will be happy to help.