Go to content
${facet.Name} (${facet.TotalResults})
${item.Icon}
${ item.ShortDescription }
${ item.SearchLabel?.ViewModel?.Label }
See all results
${facet.Name} (${facet.TotalResults})
${item.Icon}
${ item.ShortDescription }
${ item.SearchLabel?.ViewModel?.Label }
See all results

CRS & FATCA Classification Solution

Automated entity classification. Bespoke compliance solutions.

Get started

Classification made easy.

Our CRS & FATCA Entity Classification Solution makes it easy to determine your entity's classification status under the CRS and FATCA regimes.

If relevant, the solution will help you to identify your entity's regulatory obligations and seamlessly connect with our regulatory and compliance experts, who are ready to assist.

Who needs the classification results?

Banks, custodians, asset managers, certain types of funds and insurance companies are obligated to collect, review and report information about their account holders/investors.

Buy now
US $175 per session. Discounted rates are available with the purchase of multiple sessions.
Get started Get started

Key features

Our CRS & FATCA Entity Classification Solution provides everything you need to ensure you are ahead of the game regarding regulatory compliance.

Simple user interface
Download and share results

Easy to understand question and answer options.

Downloadable PDF of your classification results.

Reporting obligations
Compliance solutions

Clear overview of your reporting obligations based on classification results.

Seamlessly connect with our compliance and regulatory experts for bespoke solutions.

FAQ

All BVI and Cayman Islands entities should identify their classification under the CRS and FATCA regimes.

Over recent years, governments worldwide have agreed to the Automatic Exchange of Information (AEOI) to enable participating countries to collect information on where their tax residents or citizens have financial assets.

This enables those countries to combat tax evasion and ensure that their citizens or residents pay all taxes they are liable to pay concerning financial assets held overseas.

Both the British Virgin Islands and the Cayman Islands are signatories to the various international agreements required to exchange information automatically under CRS and FATCA and have adopted local legislation and regulations to apply to entities in the British Virgin Islands and the Cayman Islands.

Depending on the results of the classification exercise, entities may be required to:

  1. implement AEOI due diligence policies and procedures
  2. maintain records for reporting purposes
  3. prepare CRS/FATCA board resolutions
  4. report on an annual basis to the relevant tax authority

For clients that do need assistance with any or all of the above activities, our regulatory and compliance experts are perfectly positioned to provide bespoke compliance solutions.