Regulator Crackdown: Financial Institutions Face Major Consequences for FATCA and CRS Errors
Financial institutions are under unprecedented pressure over their FATCA and CRS reporting, as regulators drastically narrow the margin for error. Treating compliance as a year-end administrative task is now a major strategic weakness, leading to escalating consequences that affect the institution and its clients. The risks are severe, beginning with reputational harm. Misreporting signals critical weaknesses […]
