CRS and FATCA expert

Have You Been Tricked by your CRS Regulator Like This?

Peter Cotorceanu CRS, CRS Regulator, FATCA

Most fiduciaries are conscientiously trying to comply with FATCA and CRS as best they can. Therefore, it’s more than a little frustrating when regulators try to change the rules mid-stream—and in ways not authorised by local law. In a couple of CRS countries, regulators have purported to impose obligations on Financial Institutions (FIs) that go beyond what local law requires. …