The Foreign Account Tax Compliance Act (FATCA) is a US law requiring non-US financial institutions to report on deposits or assets owned by US citizens or residents. Essentially, if you manage money for US citizens, wherever they live, this regulation requires your compliance. The CRS initiative was inspired by the FATCA legislation and is similar to the FATCA reporting requirements.

Complete reporting in three simple steps:

The FATCA report for APX extracts data for a pre-screened group of portfolios in the format required by your country's tax authority. Your data will be validated instantly upon submission, and if ok your reporting is completed. Should validation errors arise due to data issues, you can simply correct the data in APX, re-run the report and submit a corrected report using the same reference id from the original submission.

The CRS report for APX extracts data for a pre-screened group of portfolios where the investors have foreign tax-residence status into the CRS XML format. You can then upload this XML document to the appropriate authority.

For more information about our regulatory reporting solutions, please contact us.