Analysis of Common Reporting Standard

The Common Reporting Standard

In July 2014 the OECD published the PDF document commentary to the Common Reporting Standards.

The PDF document CRS implementation Handbook was released in August 2015.
The OECD published updated the PDF document status of the CRS on 5 November 2015.

OECD January 2016 PDF document Background Information Brief on CRS.

This website will analyse the CRS and interpret if there are any omissions, lacunae, weaknesses or gaps of the OECD's Common Reporting Standard.

Important Updates

  • The Obama Administration passes Executive Orders for US Financial Institutions to identify beneficial owners of legal entity customers, as well as for disregarded entities to register ownership and transactions so this can be given to treaty partners. Also, Treasury requests Congress to Authorize full FATCA reciprocal reporting. Note that if Congress does not agree, a US presidential order can be issued to authorise full FATCA reciprocal reporting.
  • OECD list of PDF document CRS committments as at 11 May 2016.
  • On the 5th November 2015, an update status report shows the OECD would publish a list of jurisdictions which satisfies the data confidentiality conditions necessary for AEoI. Therefore participants cannot use the excuse that they must first determine if the potential partner jurisdiction can be trusted to exchange data.


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