Execs Worry Over FATCA and CRS Compliance, Affects on Corporate Reputation

More than 50 percent of senior executives from multinational financial firms are concerned non-compliance with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) mandates could affect the reputations of their institutions.

“The results of the survey demonstrate that institutions’ greatest concerns regarding FATCA and CRS relate to regulatory uncertainty, internal readiness and compliance,” said Michael Drinkwater, head

FULL ARTICLE http://www.cpapracticeadvisor.com/news/12215437/execs-worry-over-fatca-and-crs-compliance-affects-on-corporate-reputation

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