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CRS 2.0 and CARF – Canada’s Implementation Delayed to 2027
Canada has officially postponed the implementation of CRS 2.0 and CARF to January 1, 2027,offering financial institutions an extra year to prepare for new due-diligence obligations, expanded reporting fields, and crypto-asset transparency requirements. This article breaks down what the delay means, why it matters, the operational changes still required, and how firms can use this time strategically to modernize their compliance infrastructure. It also outlines how TAINA supports end-to-end automation for CRS 2.0 and CARF onboarding, validation, and reporting.
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