Singapore: Amended CRS regulations

Singapore: Amended CRS regulations

The Singapore Minister for Finance issued amendments to the common reporting standard (CRS) regulations.


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The changes include:

  • New paragraph (2) providing that the CRS regulations are to be read in conjunction with the OECD CRS commentaries
  • Due diligence procedures in relation to financial accounts, specifically providing that reporting Singapore financial institutions must obtain a valid self-certification on or before the day of opening for a new account that is not a pre-existing account

Read a June 2020 report [PDF 78 KB] prepared by the KPMG member firm in Singapore

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