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Panama papers highlight the urgency: From FATCA to the OECD CRS

Author

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  • Moss, Meredith

Abstract

Global tax reporting and filing regulation has now expanded to the OECD CRS. The CRS covers 90 jurisdictions (with implementation nuances specific to each). The resources required to comply — in knowledge, labour, and time — place additional burdens on already stretched operations groups in fund firms and for their administrators. Appropriate analysis of new operational requirements may lead firms to consider the appropriate use of technology platforms, solely focused on meeting mandates through logic that incorporates rule complexity and these rapidly changing regulatory reporting requirements. Such an approach eases the regulatory burdens while simultaneously transforming investor services for multiple purposes — in capital processing, auditing, and data normalization. The result is cost and risk reduction.

Suggested Citation

  • Moss, Meredith, 2016. "Panama papers highlight the urgency: From FATCA to the OECD CRS," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 8(3), pages 248-258, August.
    • Handle: RePEc:aza:jsoc00:y:2016:v:8:i:3:p:248-258
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    More about this item

    Keywords

    CRS; FATCA; AML; KYC; OECD; investors; compliance;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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