Leveraging FATCA to Pave the Way for CRS Compliance & Reporting

When: 14th November 2017
Where: Dubai

The clock is ticking down for Common Reporting Standard (CRS) compliance. Having implemented FATCA, financial institutions across the Middle East must now focus on implementing CRS, the new global standard for automatic exchange of tax information.

On November 14th, Fenergo and AxiomSL will be hosting a breakfast briefing on the ‘Tax Compliance in the Middle East’ topic. Fenergo’s Regulatory Experts and AxiomSL’s Tax Reporting Experts will deliver a thought-provoking discussion on how to efficiently comply with CRS reporting obligation.

During this session, we will discuss:

  • Outline the state-of-play with global and local tax compliance regulatory requirements.
  • Identify the core commonalities and differences between FATCA and CRS, ensuring banks do not unwittingly fall into a trap of non-compliance.
  • Uncover the key considerations for implementing CRS compliance and reporting – including data readiness, jurisdictional requirements, client remediation, customer due diligence and data privacy.
  • Explore how CRS will help with beneficial ownership requirements under global AML regulations.
  • Propose a best practice approach to clients requiring simple and easy to implement strategy to comply with CRS
  • Examine the reporting obligations – when to report, who and what needs to be reported under each of the agreements.
  • Present a case study of Fenergo and AxiomSL clients who have achieved CRS compliance by leveraging FATCA foundations and creating a single view of clients.

To register for this event, click here.

We hope you can join us on November 14th for a thought leading Breakfast Briefing.