CRS 2.0 & CARF 2026 Readiness Checklist
CRS 2.0 & CARF 2026 Readiness Checklist
The OECD’s updated global tax transparency frameworks, CRS 2.0 and the Crypto-Asset Reporting Framework (CARF), will significantly change how financial institutions collect, validate, and report client data. Data collection requirements begin as early as January 2026, with first reporting deadlines in January 2027.
Many institutions are still relying on manual, fragmented processes that are not designed to support expanded data requirements, new XML schemas, or crypto-asset reporting obligations. Without early remediation, these gaps increase the risk of rejected filings, regulatory penalties, and operational strain.
To support firms preparing for this new reporting era, TAINA has developed a CRS 2.0 & CARF 2026 Readiness Checklist. This practical guide is designed to help compliance, tax, operations, and technology teams benchmark their current state and identify where process change or automation is required.
What the Checklist Covers
The readiness checklist helps institutions assess preparedness across key compliance areas, including:
- Reporting System Readiness
- Data Collection & Self-Certifications
- Remediation & Data Quality
- Audit Trail & Governance
- Automation & AI Readiness
Who Should Download This Guide
This checklist is designed for:
- Financial institutions subject to CRS reporting
- Firms offering crypto-asset or e-money products
- Tax, compliance, operations, and regulatory technology teams
- Institutions preparing remediation programs ahead of 2026
Your Next Step
Use this readiness checklist to:
- Identify data and process gaps early
- Prioritise remediation ahead of regulatory deadlines
- Support internal compliance discussions
- Evaluate where automation can reduce risk and scale operations
TAINA’s fully automated FATCA and CRS Validation Platform is helping our customers make reporting periods more manageable and accurate. To find out more information on the challenges of reporting and remediation season, fill in the form to download the whitepaper below or, get in touch with us today.
