Author: Scott Freedman

Criminal Finances Act Expands Scope of Corporate Criminal Liability

Criminal Finances Act Expands Scope of Corporate Criminal Liability; Has Significant Implications for Financial Services Providers

December 13, 2016, 8:00 am EST in AEOI Reporting, Blog

Financial Institutions grappling with the advent of the Common Reporting Standard (CRS) will need to stay abreast of another important piece of new UK legislation that will come into force at the same time next year and which will be a further test of their compliance procedures and systems.The Criminal...

HMRC Updates Financial Institutions - AEOI Event

HMRC Updates Financial Institutions on Progress Made Towards Implementing Common Reporting Standard in the UK

December 9, 2016, 11:29 am EST in AEOI Reporting, Blog

With one month to go before the Common Reporting Standard (CRS) comes into force in the UK, delegates attending the 3rd Sovos AEOI Networking Event welcomed the opportunity to question a speaker from the HMRC on the progress being made and hear what the financial regulator might be expecting from...

Leading Financial Institution Shares AEOI Compliance Best Practices

November 14, 2016, 12:00 pm EST in AEOI Reporting, AEOI Reporting, Blog

In September, we held an exclusive AEOI networking event in New York City, where we brought together representatives from the IRS, leading financial intuitions and other industry practitioners all in one room to discuss the importance of syncing tax compliance and tax operations in light of the latest updates in...

Sovos AEOI Networking Series

Sovos Kicks Off Networking Series: CRS Expected to Increase Reportable Accounts Fivefold

October 5, 2016, 11:39 am EST in AEOI Reporting, Blog, Events

Overview Sovos Compliance kicked off its networking series with in New York on September 22nd with an event focused on Automatic Exchange of Information (AEOI) reporting. The agenda included a panel discussion with Alex Crenshaw from Wells Fargo, Chris Liguori from State Street, and Josh Herrera from Morgan Stanley. Lani Chou (Pricewaterhouse Coopers)...

Evaluating AEOI Solutions: Top Questions to Consider

Evaluating AEOI Solutions: Top Questions to Consider

September 14, 2016, 8:00 am EST in Blog, Global Information Reporting

For financial institutions looking to proactively comply with global reporting standards including Foreign Account Tax Compliance Act (FATCA), Crown Dependencies and Overseas Territories (CDOT) legislation and the Common Reporting Standard (CRS) while minimizing costs and risks, our recent report showed that an Automatic Exchange of Information (AEOI) solution is key....

AEOI Report

Most Financial Institutions Plan to Implement Automated AEOI Reporting Solutions in the Next Year

August 29, 2016, 11:52 am EST in Blog

Overview Since the United States’ Foreign Account Tax Compliance Act (FATCA) regulation first passed, many financial institutions have relied on home-grown solutions to maintain compliance. Now, with a few years of Automatic Exchange of Information (AEOI) reporting under the belt, the industry has reached a tipping point and in a recent...