Our approach

The global push for tax transparency has made compliance with Automatic Exchange of Information (AEOI) regimes, such as the Common Reporting Standard (CRS) and the US Foreign Account Tax Compliance Act (FATCA), an increasingly complex and high-stakes endeavour. Tax authorities are intensifying their scrutiny of submitted data and have been introducing new compliance activities at pace, including audits and onsite visits, making robust governance and a proactive approach to compliance essential for financial institutions, and service providers alike.

At KPMG, we combine deep technical knowledge with practical, industry-specific expertise to help you navigate this complex landscape. Our team of experienced professionals are at the forefront of AEOI developments. We work with you to not only meet your reporting obligations but to embed a sustainable compliance framework that mitigates risk, improves operational efficiency, and provides peace of mind to your customers and clients.

How we can support you

Our advisory services are tailored to your specific needs, whether you are establishing a new AEOI compliance framework, or seeking to enhance an existing one. We provide strategic guidance and practical support across the full lifecycle of your AEOI obligations.

We provide expert advice on the classification of entities and financial accounts under the respective AEOI reporting regimes, helping you to correctly identify and apply the due diligence requirements and avoid common pitfalls.

We can assist in drafting, reviewing, or enhancing your existing AEOI policies and procedures to ensure they are robust, compliant, and reflect best practice.

We conduct comprehensive health-checks of your current AEOI processes, identifying potential gaps, inefficiencies, or areas of potential non-compliance. This includes a review of your classification, due diligence, and reporting procedures to prepare you for a potential tax authority compliance review.

We act as your trusted advisor when dealing with tax authority enquiries and audits, helping you to respond and demonstrate your commitment to compliance.

If you have identified issued in your historic FATCA and CRS fillings, we can assist you with a detailed gap analysis and develop a remediation plan to correct historical errors and strengthen future compliance.

We offer bespoke training for your staff to ensure your team is equipped with the necessary knowledge to handle your day-to-day AEOI obligations confidently and accurately.