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welcome back to our channel in todayamp;#39;s video we will discuss due diligence requirements for CRS and fatka compliance in the realm of international tax compliance financial institutions are entrusted with conducting thorough due diligence to meet the requirements of CRS and FKA letamp;#39;s dive into the specifics of due diligence under CRS and FAA the role of financial institutions financial institutions are The Gatekeepers in implementing CRS and FKA responsible for conducting due diligence to identify and Report accounts meeting specific criteria CR s due diligence requirements the common reporting standard CRS sets out rigorous due diligence requirements for financial institutions such as pre-existing individual accounts preexisting entity accounts and new individual and entity accounts pre-exist existing individual accounts under CRS financial institutions are required to verify the tax residency status of existing individual accounts requiring self-certification and docum