If your business holds financial assets or accounts outside its home country, FATCA (U.S.) and CRS (OECD) reporting requirements are likely applicable.
What are FATCA & CRS?
- FATCA: U.S. law requiring disclosure of foreign financial accounts held by U.S. taxpayers.
- CRS: OECD-led initiative to exchange account information between countries.
Who needs to comply?
Financial institutions, investment firms, and businesses with offshore assets.
Failure to comply can result in significant penalties, restricted access to financial markets, and reputational risk.
NYBACS provides end-to-end support — from determining reporting obligations to handling submissions across multiple jurisdictions.
Need help with global tax transparency reporting?
We’re here to assist you across borders.
