In the last few years, over 130 jurisdictions have begun reporting on the OECD Common Reporting Standard (CRS). With a robust and effective CRS framework now in place, we take time out to reflect on the progress, current challenges and what the future holds for this Tax reporting regime across markets.
The goal was to increase the fiscal transparency of cross-border wealth management and combat offshore tax evasion. However, CRS has kept financial institutions really busy and being compliant with CRS requirements means a major increase in reporting requirements for financial institutions.
So, what is the status quo of the tax transparency initiative? What are the challenges that new joiners are facing? And looking retrospectively, how successful has the CRS been so far? Are there specific learnings from the past years which can be shared with new joiners when it comes to software or project management? Are there best practices of implementing CRS requirements together with other compliance practices?
These are some of the questions we are looking to address in our series of webinars, starting with an APAC Review with our incredible panel of industry experts.
The key take-aways
The Status Quo of CRS across the APAC Region
CRS Success Rate and expectations for any new joiners
Learnings in the recent years - from project management to software support
CRS, Compliance Best Practices and the way forward
This webinar is in partnership with
BearingPoint RegTech is a leading international provider of innovative regulatory, risk, and supervisory technology solutions (RegTech, RiskTech, and SupTech) and services along the Regulatory Value Chain for financial services.
Customers representing 6,000 firms worldwide, among them large international banks, a major part of the largest European banks, leading insurance companies as well as supervisory authorities and central banks, trust BearingPoint RegTech's products and services. BearingPoint RegTech works closely with regulators and, as a member of standardization bodies such as XBRL, actively contributes to the standard-setting process. BearingPoint RegTech combines regulatory know-how with proven, reliable and forward-looking RegTech solution suite, expert consulting capabilities, managed services and training seminars.
For more information, please visit: www.reg.tech