Wednesday, 9 June 2021
1pm SGT | 3pm AEST

CRS – Status Quo and the Way Forward

An Industry Review of CRS Implementation

In partnership with

Why attend

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

The webinar panel

Click to view full speaker details

Avichal Agrawal, Executive Director and Responsible Officer (RO) , Head of FATCA - CRS | CLSA

Avichal Agrawal (Avi), Executive Director and Responsible Officer (RO) of CITIC CLSA Group, currently heads the FATCA CRS tax compliance at the group, which is a capital markets and investment group operating in over 20 top financial centres including US, Europe, UK, China, Japan, Hong Kong, South Korea, Singapore, ASEAN, India and Australia. The group focuses on wealth management, alternative investment, asset management and fund administration, corporate finance and capital markets, equity research and securities dealing & custody.

Avi is a subject matter expert in tax transparency regimes including FATCA / IGAs,
CRS, LEIs; US CH3, QI, DTAA and international tax withholding. He is also a leader in regulatory compliance including Financial Crime Compliance (AML, KYC, COB, FATF)
and Central Compliance (PAD, OBI, Declarations, Training, etc). He has rich experience in reviewing, withholding and reporting for all the client structures as well as the investment structures managed by CITIC CLSA group. He is the Responsible Officer for the group and their authorised representative for purposes of regulatory liaison, registrations and reporting on these matters across all jurisdictions.

Tom Toryanik, Executive Director and Tax Advisor | NOMURA

Muhammad Arif Bin Othman, Segment Manager - Client Tax Information | STANDARD CHARTERED

Arif is a segment manager with Standard Chartered, assisting business units in the group to ensure front-to-end processes are in line with the AEoI regimes. After being involved in the FATCA and CRS space in Ernst & Young and the Inland Revenue Authority of Singapore (IRAS), he brings an appreciation of both the business and regulatory requirements in this field. As a consultant with Ernst & Young, he advised
on the implementation of AEoI requirements and reporting for financial institutions. With IRAS, he drafted the IRAS CRS Compliance Guidelines, designed and executed compliance review programs and participated in policy discussions with the Organisation for Economic Co-operation and Development (OECD) on tax transparency developments internationally.

Mehdi Layachi, Senior Product Consultant and Head of FiTAX Service Team | BEARINGPOINT REGTECH

Bella Lai, APAC Director Head of RegTech Singapore | BEARINGPOINT REGTECH

Bella has over 20 years of experience in the financial industry and is at the forefront of regulatory and compliance digital transformation. She started her career as a trader and subsequently moved into myriads of business focused areas with firms like Reuters, SWIFT network and Markit; aiming to bridge the gap between data, regulatory, compliance and the financial market ecosystems.

Download the Webinar

This webinar is in partnership with

BEARINGPOINT REGTECH

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

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