Nauru Publishes List of Excluded Accounts for CRS Reporting

Tom Hospod
July 7, 2017

This blog was last updated on March 11, 2019

The Nauru Department of Finance has released information on excluded accounts under the Common Reporting Standard.

The newly published regulations provide that dormant accounts will be excluded for the purposes of CRS reporting. The definition of a “dormant account,” in addition to the conditions for ceasing to be classified as dormant, is explained in detail within these regulations.

As of now, Nauru has not specified any non-reporting financial institutions under CRS.

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Author

Tom Hospod

Tom Hospod is a Regulatory Counsel at Sovos Compliance. Within Sovos’ Regulatory Analysis function, Tom focuses om Affordable Care Act (ACA) reporting, Tax Withholding, and Automatic Exchange of Information (AEOI). Prior to Sovos, Tom worked as a legislative aide in the Massachusetts House of Representatives. Tom is a member of the Massachusetts Bar, earned his B.A. from Boston College and his J.D. from the University of Miami.
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