Automatic Exchange of Information
CRS
CRS is not as easy as it looks, but we can help you to navigate your due diligence obligations and streamline your reporting processes
CRS
How we support financial institutions with their CRS reporting obligations:
Exposure Map Report
If you operate in a CRS jurisdiction, we can provide an exposure map report that will give you:
- A clear picture of how you are impacted by CRS
- An overview of the operational choices available to you
- Practical recommendations to remediate any issues and prevent future problems
Policy Development
We can provide expert support to help your team develop comprehensive compliance policies and procedures that reduce risk and make your annual CRS reporting process more efficient.
We make sure that your policies are practical and easy to use by staff without deep technical knowledge.
Training
We can deliver bespoke training to help your staff understand the Automatic Exchange of Information framework and how your CRS obligations impact their role.
We can provide training remotely via video call or on site. All courses are tailored to your needs and can be delivered as high-level briefing sessions or operational and compliance deep dives.
CRS Compliance Review
Our CRS compliance reviews help financial institutions to assess their current level of compliance and identify areas for improvement.
We review a sample of accounts and your CRS policies and procedures, then conduct interviews with key members of staff to get a holistic view of your CRS controls.
Retained Subject Matter Expertise
We can be on hand to answer day-to-day operational questions about CRS, either on an ad hoc basis or as your retained subject matter experts.
We provide non-legally binding opinion that is practical and to the point, so your operations and compliance teams can make quick, informed decisions and get on with the job.
Start your journey with TConsult
Get an expert review of your current level of CRS compliance and an action plan to help you meet your reporting obligations more efficiently.
“While the Common Reporting Standard is used in over 100 countries, the reporting is certainly not standard yet, with many variations that can cause compliance failures.
Understanding this complexity and allocating sufficient resources to CRS reporting is key to reducing risk.”
