• FATCA & CRS compliance

FATCA & CRS Compliance

The introduction of the Foreign Account Tax Compliance Act (“FATCA”) and the Common Reporting Standard (“CRS”) regulations have had an impact on most financial institutions.

BDO Kuwait has assisted various financial institutions with implementation of FATCA and CRS.Our team has undertaken some of the most complex FATCA and CRS advisory and compliance assignments in recent years.Our service offerings include:

  • FATCA and CRS gap assessments
  • FATCA and CRS trainings
  • FATCA and CRS implementation
  • FATCA and CRS accounts remediation
  • Assisting in drafting policies and procedures for FATCA and CRS
  • Conducting detailed health checks
  • FATCA and CRS reporting
  • FATCA and CRS certification as required by the Ministry of Finance