FATCA and CRS

FATCAandCRS

End-to-end FATCA and CRS compliance support for financial institutions covering registrations, documentation, filings, and regulatory representation.

Global Compliance, Simplified

Overview

GlobalCompliance,Simplified

FATCA and CRS place significant obligations on financial institutions to identify, document, and report specified accounts, with stringent timelines and severe penalties for non-compliance.

Organisations without a structured compliance framework risk operational exposure, regulatory penalties, and reputational damage as data expectations and cross-border scrutiny intensify.

WEchartered provides end-to-end FATCA and CRS compliance support from initial registrations and documentation reviews through to return filings and authority representation.

Industries We Serve

Who We Work With

Banking & Financial Services

Banking and Finance

End-to-end FATCA and CRS compliance for banks and financial institutions with reportable account obligations.

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Asset Management

FATCA and CRS registration, due diligence, and reporting for asset managers and investment funds.

Insurance

Insurance

Documentation review and return filing support for insurance companies with FATCA and CRS obligations.

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Multinational Corporations

FATCA and CRS compliance for Indian subsidiaries of global financial groups with multi-jurisdiction reporting.

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Private Equity

Account identification and compliance support for PE funds with investor reporting obligations under FATCA.

Professional Services

Professional Services

FATCA and CRS diagnostic reviews and remediation support for professional services firms managing compliance programmes.

How We Help

End-to-End FATCA and CRS Support

We provide comprehensive FATCA and CRS compliance support from GIIN and ITDREIN registrations and KYC self-declaration reviews through to return filings and representation before regulatory authorities.

Our team ensures compliance programmes are accurate, well-documented, and resilient to increasing regulatory scrutiny.

Payroll and Compliance Management

Why WEchartered

Why Choose Our FATCA and CRS Team

Specialist FATCA and CRS expertise delivering structured, end-to-end compliance programmes for Indian financial institutions.

End-to-End Coverage

Full compliance support from initial registration through documentation, filings, and authority representation.

Diagnostic Rigour

Structured compliance health checks identifying gaps and remediation priorities before they attract scrutiny.

Documentation Standards

KYC and due diligence documentation maintained to the standards required by FATCA and CRS frameworks.

Authority Ready

Experienced representation before Indian and international regulatory authorities on FATCA and CRS matters.

Why Choose Our FATCA and CRS Team

CASE STUDIES

Real-world examples of our work and impact.

Frequently Asked Questions

FATCA is a US regulation requiring foreign financial institutions to identify and report financial accounts held by US persons to the Internal Revenue Service. It applies to banks, insurance companies, asset managers, and other financial institutions with US account holders or investors.
The Common Reporting Standard is an OECD framework for the automatic exchange of financial account information between participating jurisdictions. Unlike FATCA, which is US-specific, CRS applies multilaterally across over 100 countries and requires reporting on account holders from all participating jurisdictions.
A Global Intermediary Identification Number is required for foreign financial institutions registering under FATCA to identify themselves to the IRS. ITDREIN is the India Tax Deduction and Reporting Entity Identification Number required for CRS and FATCA reporting with Indian tax authorities.
A diagnostic review assesses the overall compliance health of an organisation's FATCA and CRS programme by reviewing documentation, self-declarations, due diligence procedures, and prior filings to identify gaps, inconsistencies, and areas requiring remediation.
Financial institutions must conduct due diligence on new account holders to determine reportability under FATCA and CRS. This involves reviewing self-certifications, evaluating indicia of foreign tax residency or US person status, and maintaining documentary evidence in line with applicable standards.
Non-compliance can result in significant financial penalties, withholding tax on US-source payments under FATCA, regulatory sanctions, and reputational damage. India's tax authorities have increasingly focused on FATCA and CRS reporting accuracy as part of broader financial transparency initiatives.
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