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Exploring the CRS Challenges And Future Outlook in Singapore

Our commentary on FATCA and CRS outlook is featured in Singapore Business Review. We opined about the latest and upcoming developments in the regulatory outlook pertaining to FATCA and CRS, the challenges and best practices that fund managers and financial institutions can take reference from to augment their compliance strategy. We also opined about the evolving considerations encompassing the crypto space, which is likely to see new developments driven by OECD to combat the global issue of tax evasion in an increasingly complex international business environment in the digital age.

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MAS expects FIs to fulfil the revised BCM Guidelines and set up audit plan by 6 June 2023, contact us for complimentary consultation.