SIX Launches Tax Compliance Data Service for CRS/AEoI

Officials say SIX's solution will ease firms' compliance burden and provide a single source of audit-ready tax data.

robert-jeanbart-six-financial-information

Under regulation being phased in from June 2017, member states of the OECD (Organization for Economic Co-operation and Development) have agreed to the automatic exchange of information regarding individuals with accounts outside their tax residence, following a common reporting standard. Wave one countries, including Germany, France and the UK, will exchange information for the first time in 2017.  A further 47 jurisdictions in wave two are committed to start exchanging information in 2018

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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