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CRS View Rolls Out Global Tax Information Exchange Tool
Eliane Chavagnon
15 June 2015
has launched TrustVantage, a tool that automates trust company and fiduciary compliance with global tax information exchange rules such as FATCA and OECD Common Reporting Standards. The idea of TrustVantage is to simplify the increasing complexity of providing fiduciary services in the face of new tax and reporting requirements. Trust companies and corporate administrators in jurisdictions adopting CRS early need to be ready to comply with CRS as of January 1, 2016, and provide automatic exchange of information reports for the calendar year 2016. The tool is priced as a subscription on a per-structure administered basis, so fiduciaries can access the platform at a cost tailored to their size. It also provides business intelligence, document management, AML/KYC monitoring, and CRM/marketing functionality.