Optimizing resources for efficient FATCA reporting and preparing for CRS
FATCA (IRS’s Foreign Account Tax Compliance Act) has created many challenges for financial institutions across the globe. LATAM is no exception, so companies need to understand, implement and integrate the rule into their tax operations. CRS (OECD’s Common Reporting Standards) is a new regulation which creates even more complexity and uncertainty for companies. If institutions do not comply or make errors in their reports, they face heavy sanctions, so there is immense pressure to update their monitoring systems and client on-boarding processes to avoid them.
This GFMI conference will help financial institutions in LATAM to better understand these tax requirements and what is expected from them. It will show them how to implement and integrate FATCA and CRS with each other and with other requirements without hurting the business, through an effective optimization of resources. Institutions will also learn how to maintain good client relationships whilst complying with the client on-boarding demands. The meeting will include institutions from across LATAM, in order to share experiences of how the main challenges with FATCA are being overcome and how to best prepare for CRS.
Or request more information with alejandrad@marcusevansuk.com
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