The global rules around offshore reporting keep evolving.
That’s why staying ahead — calmly, confidently, and on time — is more important than ever.

Why It Matters

FATCA & CRS aren’t optional.
They have become the foundation of how global finance operates today.

With cross-border reporting now automatic, over 100 countries regularly exchange information.
At the same time, regulators expect full accuracy — every single year.

The key isn’t to worry; it’s to be prepared.

Who’s In Scope

These regulations affect:

• Trust & corporate service providers

• Private wealth managers

• HNW individuals

• Cross-border businesses

• Legal & tax advisors

If your clients hold global assets, you’re already part of this process.

What FATCA & CRS Actually Are

Foreign Account Tax Compliance Act (US law) or FATCA: Foreign institutions report US taxpayer accounts.

Common Reporting Standard or CRS (Global standard): Over 100 countries exchange client data automatically. CRS reports non-US account holders

Both the Isle of Man and UK fully participate in these frameworks.

Key Deadlines

• Isle of Man filing: 30 June

Meeting these deadlines is critical, but good compliance always starts well before the cut-off.

The Real Risk

Mistakes can result in:

• Financial penalties for late or incorrect filings

• Reputational damage with clients and regulators

• Disrupted banking or professional relationships

By staying ahead, you protect both your clients and your business.

CRS 2.0: The Next Phase of Global Reporting

The OECD is updating CRS with first exchanges starting in 2027 (for 2026 data).

Here’s what’s changing:

🟢 Expanded reporting for trusts, partnerships, and
complex entities
🟢 New data fields: joint account holders, self-certifications, investor status
🟢 Digital assets now included: crypto, e-money, and
CBDCs
🟢 Stricter AML/KYC checks aligned with FATF 2012
standards
🟢 Fewer exceptions for incomplete tax information

The goal is more transparency. Less room for errors or omissions.

How Acclaim Adds Value

• ✅ Correct classification of entities under FATCA & CRS

• ✅ Full support with filings, reporting, and ongoing compliance

• ✅ Bespoke structuring to ensure clear reporting obligations from the outset

• ✅ Expertise in complex, multi-jurisdictional structures

• ✅ Trusted by HNW individuals, families, and cross-border businesses

The Bottom Line

While global reporting grows more complex, the right expertise makes compliance simple and stress-free.
We help clients stay compliant, avoid surprises, and focus on what matters — growing their business.

Talk to our team about how we help businesses stay ahead of FATCA & CRS confidently and compliantly.

www.accla.im