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KPMG helps to develop a guidebook on the Common Reporting Standard (CRS) along with the Institute of Banking Studies in

KPMG Kuwait helps in developing guidebook on CRS

The guide provides a high-level introduction to the CRS, including general information on how CRS regulations are applied in Kuwait

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Zubair Patel

Partner, Tax & Corporate Services

KPMG in Kuwait

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Guidebook on CRS in Kuwait

Recently, KPMG in Kuwait assisted The Institute of Banking Studies (IBS) in the development of a guidebook on the Common Reporting Standard in Kuwait (CRS) in Kuwait. The guide aims at providing the financial services sector entities an understanding of CRS compliance in Kuwait.  Written in Arabic, the print version of the guide has been made available to all banks and major financial services institutions in Kuwait.

The IBS in Kuwait contributes effectively to the growth and prosperity of the Kuwaiti banking and financial sector by providing state of the art professional education, training, research and consultancy services that align talent resources, experience, knowledge and skills capabilities within this sector to global standards.
(source: http://www.kibs.edu.kw/)

The guide provides a high-level introduction to the CRS, including general information on how CRS regulations are applied in Kuwait on the financial institution and what they should be aware of with respect to their compliance obligations. Our CRS specialists assisted in the review of the technical content included in the guide and provided valuable insights wherever required during the course of preparation of the guide.

Please feel free to write to us at kw-fm-KPMGMarkets@kpmg.com for any queries.

 

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