Crypto-Asset Reporting Framework (CARF) Compliance
CARF is the OECD’s global framework designed to close the transparency gap for crypto-asset transactions. It applies to exchanges, brokers, wallet providers, and certain digital asset platforms, bringing crypto-assets into the global tax transparency framework. CARF aligns closely with CRS 2.0 to streamline onboarding, due diligence, and reporting across traditional and digital finance, while introducing key differences in how crypto transactions are reported.
Do you need to address your CARF compliance?
CARF introduces a new level of regulatory scrutiny for crypto-asset transactions. Crypto-Asset Service Providers must manage increased reporting obligations, stricter validation requirements, and greater focus on audit readiness and data accuracy.
Is compliance with CARF mandatory?
CARF compliance is a legal requirement in participating jurisdictions for Crypto-Asset Service Providers. Where valid CARF self-certification information is not obtained or cannot be verified, institutions may be required to treat accounts as reportable.
Key CARF requirements
CASPs must meet new onboarding, validation, and reporting obligations under CARF, aligned with CRS 2.0 but with added complexity for crypto-assets.
Mandatory onboarding (from 2026)
Valid self-certifications must be obtained before accounts are opened.
Self-certification data
Core customer information, including tax residency and identification details, must be collected and validated.
Entity requirements
Additional classification and controlling person requirements apply to entity users.
Reporting obligations
Crypto-asset transactions, transfers, and related income must be reported in line with jurisdictional requirements.
Automate your CARF compliance
Increasing complexity of CARF compliance drives manual processing, higher costs, and increased risk. Eliminate duplication and manual validation by implementing a fully automated CARF operating model.
Simplify crypto onboarding
Streamline onboarding with intuitive digital workflows designed for CARF requirements.
-
Reduce back-and-forth with users
-
Improve data accuracy at source
-
Accelerate onboarding timelines
Ensure audit-ready data
Maintain a complete, traceable audit trail across all CARF data and documentation.
-
Improve data quality and consistency
-
Reduce compliance risk
-
Ensure readiness for regulatory review
Automate CARF Compliance
TAINA enables CASPs and financial institutions to automate CARF compliance from onboarding through to reporting.
-
Validates self-certifications and tax residency data
-
Verifies TINs, including “No TIN” logic
-
Applies CARF classification and certification statuses
-
Provides full audit trails and traceability
-
Supports remediation of legacy records
