Common Reporting Standard (CRS)

Our clients have all the essential information to navigate a correct course, whatever the circumstances.

The CRS is misunderstood by almost everyone, the consequences of which can have a serious impact on the reputations of all who must interpret these complex rules. We are fortunate to have one of the world experts on our panel. Here is a brief overview of the CRS provided by the Organisation for Economic Cooperation and Development (OECD).

BITCOIN INVESTORS UNDERSTAND WHAT IT MEANS TO YOU. CLICK THE LINK BELOW.

Common Reporting Standard (CRS), developed in response to the G20 request and approved by the OECD Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

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