CRS: drivers towards rationalising the reporting function
Implementation of the new CRS is a substantial new regulatory issue for financial institutions. How can optimum compliance be achieved quickly? Over and above the need to identify clients and accounts to be reported, how can reports for tax administrations be produced while dealing with the complexity of the various country entities and mechanisms to be covered?
In this document, Sopra Banking Software gives its view on the best way to meet these new requirements.