Words Matter -
So, you’re cruising along in the pre-FATCA/CRS world, providing fiduciary services for your clients, setting up accounts in either the name of the trust, foundation, underlying company or other wealth...more
11/21/2018
/ Banking Sector ,
Beneficial Owner ,
FATCA ,
Financial Adviser ,
Financial Reporting ,
Foreign Financial Institutions (FFI) ,
Investment Companies ,
Investment Management ,
NFFE ,
Partnerships ,
Trustees ,
Trusts ,
Wealth Management
The Common Reporting Standard (“CRS”), following along the precedent set by the Foreign Account Tax Compliance Act (“FATCA”), creates the concept of “accountholders” in structures such as trusts, foundations, companies and...more