The ever-evolving role of an Automatic Exchange of Information (AEOI) responsible person - Join our live training on 3 March at 16.00 CET - Banking blog

Header blog AEOI

Both US FATCA and the OECD’s Common Reporting Standard (CRS) require Financial Institutions (FIs) to put in place processes, procedures and overall governance to enable accurate reporting of information about the FI’s account holders and/or controlling persons thereof, to certain tax authorities. These rules, which are commonly referred to as the Automatic Exchange of Information (AEOI), have become business as usual over the past six years. However, these rules are practically complex to implement and maintain, and can expose FIs to significant risks. Key challenges include manual processes, local expertise requirements, systems interfacing, documentation and data deficiencies, and requirements that are often unclear and continuously change. Jurisdictions around the globe are starting to take audit action.

Join us for our webinar on Wednesday, 3 March where experts from across our network will cover the following areas:

  • Recent events that have caused this topic to be critical, including updates on OECD and local jurisdiction reviews as well as enforcement activity
  • Overview of what it means to be the responsible officer (RO) and responsible person (RP)
  • Elements of oversight and responsibility, both formal and practical and including recent local developments
  • The risks of getting it wrong, including key challenges and how authorities are approaching compliance enforcement
  • Industry leading practices and insights on how the RO or RP can gain confidence with respect to compliance with those regimes

 

Register here to join the live training

After the registration you will receive an email confirmation with the meeting id and link to join the webinar. 

 

If you would like to discuss this topic further, please reach out to our key contact below

Key contacts

Brandi Caruso

Brandi Caruso - Partner, Financial Services Tax & Legal

Brandi heads Deloitte’s Financial Services Tax team in Switzerland and Liechtenstein. She has extensive expertise in advising the Swiss financial services industry on the implementation of U.S. and international transparency regimes (including QI, FATCA, Section 871(m), CRS, MDR and DAC6). Brandi leads the Financial Services Tax team efforts related to innovative technology solutions. Brandi is a U.S. Certified Public Accountant and has 20 years of experience with Deloitte and has worked in London and San Diego.

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