Global tax transparency frameworks such as the OECD Common Reporting Standard CRS and FATCA are often discussed in technical or regulatory terms.
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Critical IRS FATCA IDES & XML Schema Updates: What Global Advisors Must Act On in 2026
The shift to CRS 3.0 and CARF is reshaping cross-border compliance. Institutions must strengthen governance, data consistency, and multi-jurisdiction oversight.
Pasos clave para que instituciones, family offices y clientes globales se preparen para la temporada fiscal 2025–2026, incluyendo CRS 3.0, CARF y gobernanza.
Key steps institutions, family offices, and global clients should take to prepare for the 2025–2026 tax season, including CRS 3.0, CARF, and governance.
The OECD’s updated CRS framework takes effect in 2026, requiring institutions to align policy and system readiness. Stanley Foodman outlines how CRS 2.0 and CRS 3.0 reshape compliance, emphasizing governance, data validation, and coordinated execution across Latin America and the Caribbean.
By Foodman CPAs & Advisors The Countdown to CRS 2.0 and CRS 3.0 Compliance January 2026 will bring new CRS obligations that affect both policy and technology. Most jurisdictions will
Costa Rica’s 2025 constitutional reform authorizes extradition of nationals in drug trafficking and terrorism cases. Though limited, it signals shifting enforcement frameworks in LATAM, raising compliance, governance, and cross-border risk for financial institutions.
By Stanley Foodman The New Reality: Legal Risk = Compliance Risk The July 2025 FATCA/CRS reporting cycle confirmed a new reality. legal risk is compliance risk. Regulators no longer treat
By Foodman CPAs & Advisors Extradition Reform and Its Global Compliance Impact In May 2025, Costa Rica amended Article 32 of its constitution to allow the extradition of Costa Rican
By Foodman CPAs & Advisors The Only FATCA & CRS Certification of Its Kind The FATCA & CRS Certified Professional™ (FCCP) program is the only FATCA and CRS certification of
By Stanley Foodman Q4 Is the Control Window for Risk Reduction As the year’s final quarter approaches, financial institutions, family offices, and advisors managing cross-border structures have a short but
