You are reportable in jurisdictions you have not assessed: FATCA and CRS obligations apply by account location and account holder residence, not by where you think your tax obligations sit.
FATCA & CRS Reporting
FATCA & CRS Reporting
Reporting Obligations That Apply to Your Accounts
FATCA and the OECD Common Reporting Standard require financial institutions to report account information on foreign account holders to the relevant tax authorities. For businesses and individuals with accounts in multiple jurisdictions, understanding what is being reported about them, and ensuring that the information is accurate and consistent, is both a compliance obligation and a risk management matter.
Reporting Obligation Assessment
Reportable in Places You Have Not Assessed
We assess the FATCA and CRS reporting obligations relevant to the client: which accounts are reportable, under which standard, to which jurisdictions, and whether any exemptions or classifications apply. For groups with multiple entities, this requires a structured review across the entire account portfolio.
You are reportable in jurisdictions you have not assessed: FATCA and CRS obligations apply by account location and account holder residence, not by where you think your tax obligations sit.
Your entity classification is wrong: An incorrect FATCA or CRS entity classification means you are either over-reporting or under-reporting, both of which create risk.
Group entities with different reporting obligations nobody has mapped: A group with entities in multiple jurisdictions has a different FATCA and CRS obligation for each, and they are rarely assessed together.
Interaction with your broader tax reporting position not understood: FATCA and CRS reporting can create inconsistencies with your tax returns that attract attention from tax authorities.
Documentation & Self-Certification
Wrong Self-Certification. Compliance Gap.
We prepare the FATCA and CRS self-certification forms required by financial institutions, ensure they are correctly completed, and maintain records that demonstrate compliance with the documentation requirements.
Self-certification forms completed without understanding what they commit you to: A W-8 or CRS self-certification signed without proper analysis locks in a reporting classification that may be incorrect.
Financial institution requiring documentation you have not prepared: Banks increasingly require GIIN documentation and entity classifications that businesses are not ready to provide.
Documentation that does not match across institutions: Inconsistent self-certifications held by different financial institutions create a discrepancy risk that surfaces in automatic exchange.
Forms last updated when the account was opened and never refreshed: A self-certification that no longer reflects current circumstances is a compliance gap in every jurisdiction that receives the reporting.
Reporting Compliance & Remediation
Historic Gaps Compound Until Addressed
Where historic reporting has been incomplete, incorrect, or absent, we advise on how to approach remediation: voluntary disclosure, correction of reported information, and engagement with the relevant authorities.
Historic reporting gaps you are not aware of: Under-reporting that accumulated before you understood your obligations does not disappear, and voluntary disclosure is materially better than discovery.
Incorrect information reported to tax authorities that you need to correct: Correcting historic FATCA or CRS reporting requires a structured approach that minimises the risk of triggering further enquiry.
Voluntary disclosure not taken when it was available: The window for voluntary disclosure with reduced penalties closes once a tax authority commences an investigation.
No process for ongoing compliance as the account portfolio changes: Without a maintained compliance framework, every new account, new jurisdiction or ownership change creates a new reporting gap.
Who We Work With
For Multi-Jurisdiction Account Holders
International businesses with accounts across multiple jurisdictions, HNWIs with multi-jurisdictional financial accounts, and financial institutions requiring support with their own FATCA and CRS compliance.
International businesses with accounts across multiple jurisdictions: Companies maintaining banking relationships in more than one country who need their FATCA and CRS position assessed as a whole.
HNWIs with multi-jurisdictional financial accounts: Private clients with investment accounts, private banking relationships and deposit accounts across several financial centres.
Businesses that have never formally assessed their FATCA or CRS position: Companies that have completed self-certifications without professional guidance and are uncertain whether their classifications are correct.
Clients with historic reporting gaps requiring remediation: Businesses and individuals who have identified errors or omissions in historic FATCA or CRS reporting that need to be corrected.
Why Bolster Group
We combine deep jurisdiction knowledge with hands-on execution — so structure, banking, and compliance work together from day one.
Mastering Complexity
We navigate intricate global challenges with precision, ensuring your business thrives in any environment.
Confidence in Expertise
Backed by decades of experience, we provide strategic solutions tailored to your unique needs.
Global Reach, Local Insight
Operating across key markets, we bridge international expertise with deep local understanding to drive success.