Expert support

Compliance health checks

Independent reviews to strengthen your FATCA, CRS, QI or NQI compliance

Enhance your compliance

Keeping up with international tax compliance obligations can be challenging, but it doesn’t have to be uncertain. 

Our compliance health check provides an independent review of your institution’s compliance under a range of regulations, including FATCA, the OECD’s Common Reporting Standard (CRS), and your obligations as either a QI or NQI when you act as an intermediary for U.S.-sourced income. 

We assess your current controls, test a sample of accounts, review your reporting, and identify any gaps or weaknesses in your existing procedures. The result is a clear, practical report with detailed recommendations to enhance your compliance and reduce risk. 

What a compliance health check covers

Each review is tailored to your organisation’s structure, size and regulatory context, but typically includes:

Account sampling and documentation review

We test a representative sample of accounts to confirm that you have the correct documentation and classification for each account under FATCA, CRS, or U.S. withholding requirements. 

Reporting review

We examine the accuracy and completeness of your reporting, including reconciliation with upstream reporting. 

Policies and procedures assessment

We review your internal compliance framework, including onboarding and due diligence procedures, to assess how effectively they align with current regulatory standards and what we see happening in practice based on the sample of accounts we reviewed. 

Findings and recommendations

We provide a detailed report highlighting areas of non-compliance or potential risk, together with practical recommendations for remediation. We won’t sugar coat things or bury you in tax technical jargon – we will explain what went wrong, why and how to fix it. 

Why a compliance health check matters

  • Identify hidden risks before they become issues

  • Demonstrate proactive oversight to regulators and stakeholders

  • Validate your reporting processes and strengthen internal governance

  • Enhance staff awareness and training through evidence-based recommendations

  • Build confidence in your ongoing FATCA, CRS, and U.S. withholding tax compliance posture

Our review process

Our structured review process ensures consistency and independence at every step:

Strengthen your compliance

Regulatory obligations are complex, but with the right insight managing them doesn’t have to be. 

Our Compliance Health Check gives you clarity on where you stand, confidence in your processes, and a roadmap to stronger compliance. 

Contact us today to schedule your review. 

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