CRS 2.0 Remediation and Compliance Strategy
Preparing for CRS 2.0: What Financial Institutions Need to Know
CRS 2.0 introduces the most substantial updates to the Common Reporting Standard since 2014, expanding reporting requirements, updating due diligence rules, and increasing the volume of remediation required for both new and pre-existing accounts. Many of these changes align CRS with the Crypto-Asset Reporting Framework (CARF), creating a unified global approach to tax transparency.
In this whitepaper, we break down the key regulatory changes and outline what financial institutions and tax operations teams must do to prepare for the 2026–2027 implementation timeline, including:
- What’s changing under CRS 2.0
- New required data fields and updated XML schema
- TIN validation rules and strengthened onboarding requirements
- CARF alignment and cross-framework impacts
- Deadlines for remediation and readiness
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.
