Report Shows Banks Unprepared for New FATCA, CRS, CDOT Regs

A new report shows that, while most financial institutions feel prepared for the current requirements related to the automatic exchange of information, commonly known as AEOI, a large gap in preparedness exists with many institutions reporting high rates of inaccurate filings and fears of significant business impacts, including excessive costs, reputation damage and lost customers.

The research, conducted by Aberdeen Group

FULL ARTICLE http://www.cpapracticeadvisor.com/news/12246540/report-shows-banks-unprepared-for-new-fatca-crs-cdot-regs

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