Meet FATCA’s even nastier cousin: CRS

Sovereign Confidential

Alert

  • Compliance - Offshore Banking
  • Albania, Andorra, Anguilla, Antigua and Barbuda, Argentina, Aruba, Australia, Austria, Barbados, Belgium, Belize, Bermuda, Bulgaria, Canada, Cayman Islands, Chile, China, Colombia, Cook Islands, Costa Rica, Croatia (Hrvatska), Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Ghana, Gibraltar, Guernsey, Greece, Greenland, Grenada, Hungary, Iceland, India, Isle of Man, Indonesia, Ireland, Italy, Jersey, Japan, Korea, Republic of, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Marshall Islands, Mauritius, Mexico, Monaco, Montserrat, Netherlands, New Zealand, Niue, Norway, Poland, Portugal, Romania, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Seychelles, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Turks and Caicos Islands, United Kingdom, Virgin Islands (British), Sint Maarten
Today we're send out an informational alert regarding something you should know about.

It's called the Common Reporting Standard (or CRS), and it's like FATCA's more destructive cousin. Regardless of your nationality, you need to know about this.

We do believe this is part of a larger trend of governments and banks fusing into almost a single entity, and calls for consideration to move at least a portion of your savings outside of the banking system.

Read more about it here.

Today we’re send out an informational alert regarding something you should know about. It’s called the Common Reporting Standard (or CRS), and it’s like FATCA’s more destructive cousin. Regardless of your nationality, you need to know about this. We do believe this is part of a larger trend of governments and banks fusing into almost…

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