Practical FATCA and CRS compliance for family trust structures

All over the world, financial institutions are collecting information on and reporting individuals associated with a family’s succession planning trust structure. The family’s interests are best served when the family office and professional advisers take a proactive approach to complying with the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) as they apply to each entity

FULL ARTICLE https://www.lexology.com/library/detail.aspx?g=e9561e3a-3ad9-4d73-9d20-f8a2e22f995f

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