We have finished updating our CRS (Common Reporting Standard) to utilize version 2 of the XML Schema as published by the Organization for Economic Co-operation and Development. As such this has been tested and it is now readily available to be used by all of our clients in their respective jurisdictions.
Along with this update we have also updated our solution to support reporting of the Automatic Exchange of Information (AEOI) for HMRC. We would like to welcome our new clients from the UK that have requested this support and we have delivered it!
Prognosys FRCS is currently being used for FATCA / CRS Reporting by multiple institutions in jurisdictions like:
- Cayman Islands
- United Kingdom (NEW)