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welcome to the peregrine quick guide to fatca and crs for what is fatca and crs these are tax initiatives vaca was introduced by the usa crs is an oecd initiative why have these initiatives their aim is to gather information from around the globe on individuals assets and pass that to the relevant jurisdiction of the individual the rationale for this is to assist with anti-money laundering and combating the financing of terrorism other information is obtained and provided during this process includes information on foreign accounts which may also include corporate entities and trusts certain accounts only reportable if they fall under certain criteria and information will often be based around the value and payments made to individuals this will affect shareholders settlers beneficiaries and protectors for more information please get in touch with the details on the screen thank you for listening