Same Relationship. Different Standards.
Financial institutions operating across jurisdictions often face the challenge of applying multiple regulatory frameworks to the same relationship. As sanctions, PEP requirements, and correspondent banking expectations converge, maintaining consistency in decision-making becomes increasingly complex.
FATCA Reporting for 2026: Updated Schema Requirements and IDES Readiness
Critical IRS FATCA IDES & XML Schema Updates: What Global Advisors Must Act On in 2026
CRS 3.0: What LATAM Compliance Teams Need to Know Now
By Foodman CPAs & Advisors In 2024, the OECD introduced a major update to the Common Reporting Standard (CRS), known as CRS 3.0. While formally adopted in 2024, 2025 is a critical transition year for financial institutions and jurisdictions preparing for mandatory compliance beginning January 1, 2026, with the first reports due in 2027. For […]
