We've been helping our clients with CRS and FATCA reporting since it came about. We know all too well that it is nobody's favourite subject, to put it mildly.
Reporting generally consists of two parts
And what's more - despite being a "common" standard - there are actually [usually] plenty of differences between all the various reporting jurisdictions.
We've heard that many of the business systems in use in Guernsey across the various industries nowadays are simply not setup to handle this type of reporting efficiently, mostly because they pre-date the reporting requirements, and therefore their solutions have been retrofitted in, Elastoplast-style.
We have helped our clients make CRS submissions to Guernsey (IGOR) as well as Switzerland, Hong Kong, Singapore and UAE jurisdictions.
This is all achieved using our purpose-built tooling and even supports those jurisdictions that require encryption (such as Hong Kong and Switzerland.)
If you have a duty to report and are struggling to get started, please get in touch to discuss how we can help.