Comment: Managing privacy concerns surrounding FATCA and CRS compliance

by Contributor 24 May 2021

Written by Ed Harris, Louise Crawford and Adela Komorowska of Hogan Lovells

The drive for enhanced cross-border transparency among tax authorities in a bid to tackle the use of foreign accounts for tax evasion has resulted in a number of automatic exchange of information (AEOI) regimes, including the US Foreign Account Taxation Compliance Act (FATCA) which was closely followed by the Common Reporting Standard (CRS), developed by the Organisation for Economic Co-operation and Development (OECD).

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