The implementation of FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) is mandatory for many financial institutions.
The implementation of FATCA and CRS is mandatory for many financial institutions.
Why it's important
A company must disclose its FATCA and CRS status when doing business with financial institutions. Companies have to determine this on their own, which is especially challenging for large corporations and groups located in multiple jurisdictions. The incorrect determination of these statuses may result in fines and difficulties in obtaining services from banks.
How we can help
We help determine the company’s statuses, complete all necessary forms and documents, and defend the statuses during interactions with financial institutions. Further, we develop methodology so that the company is able to determine these statuses on its own.
What we do
What you get
Olivia Ellison, leader of Forensic Practice of KPMG in Ukraine, tells how consultants run investigations, what are the reasons for fraudulent acts on the part of employees, and how forensic practice can help businesses.
Olena Liebenstein (Isayeva)