CRS Consultancy is a dedicated website for Common Reporting Standard which has been recently implemented in more than 100 countries. The rules and procedures prescribed under the CRS are quite complicated and difficult to understand. This dedicated website aims to simplify the application of CRS by providing solutions at single click.
CRS Consultancy website has been designed to provide easy access to the vast and complicated information provided in the Common Reporting Standard. This has been done by firstly arranging all the information spread across various documents and handbooks on single website. Secondly, the CRS Rules mention various jargons the definition of which is important to understand. The definitions of those jargons have made available in tab of definitions through single click.
A dedicated real time electronic due diligence or “E-Due Diligence” procedure has been designed for identification of reportable accounts based on the due diligence requirements mentioned in CRS. This greatly simplifies technical issues and provides ease of understanding. It saves a lot of time, as this website can be used to run due diligence process to identify a large number of reportable accounts in less time.
This website works as a E-Learning for new incumbents who can understand the concepts and due diligence procedures in few hours.