Tag: FATCA

Ross McGill, the Chairman and founder of TConsult Ltd, has a profound history in steering the company through two decades of regulatory evolution.

In an era where efficient processing and standardization are more crucial than ever, TAINA took a significant step forward by hosting the Global Industry Forums on Withholding Statements in 2019 and 2020.

The Common Reporting Standard (CRS) has significantly impacted financial institutions (FIs) globally, aiming to enhance tax transparency and cooperation among jurisdictions. Taiwan's Ministry of Finance, in a report issued in May 2024, highlighted several ongoing deficiencies in Taiwanese financial institutions' adherence to these requirements.

On 16 April 2024, Chrystia Freeland, deputy prime minister and federal finance minister, unveiled the Canadian Federal Budget for 2024-2025. This budget introduces pivotal tax measures, particularly focusing on the implementation of the Crypto-Asset Reporting Framework (CARF) and modifications to the Common Reporting Standard (CRS), which are set to be enforced from 2026. 

In the rapidly evolving global finance sector, the importance of complying with regulatory frameworks like the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) cannot be overstated.

The asset servicing industry is currently navigating through turbulent waters, marked by escalating fee pressures, rapid technological advancements, stringent regulations, and a volatile macroeconomic...

In a recent post by TAINA Technology, the company dug deeper into remaining compliant with FATCA and CRS compliance in APAC.

Ensuring compliance with CRS and FATCA can often feel like navigating a regulatory maze fraught with potential pitfalls, claimed MAPFinTech.

In today's digital age, customers have high expectations for their interactions with financial institutions. These digitally savvy individuals demand streamlined, efficient, and enjoyable experiences. Unfortunately, many financial entities, even the globally leading ones, continue to rely on outdated manual processes for FATCA and CRS compliance, causing frustration for both clients and customer service officers.

AxiomSL, a provider of regulatory reporting and risk management solutions, has bolstered its presence in Germany by partnering with SKS Unternehmensberatung.