Rajendran

FATCA-CRS Reporting – Challenges faced by Financial Institution in India
Foreign Accounts Tax Compliance Act (FATCA) Reporting was implemented from the calendar year ended 31st Dec 2015 In India as...
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FATCA_CRS Compliance – Invalid TIN  
As a part of Budget proposals, Government of India  proposes to introduce a deemed provision that every Indian Citizen who...
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TOP 5 SUGGESTED RPA PROCESSES FOR INDIAN BANKS
Robotic Process Automation (RPA) is an emerging technology where robots mimic human functions with greater speed and accuracy. RPA envisages...
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CITIZENSHIP BY INVESTMENT – TIME FOR REVIEW TO HELP COMMON REPORTING STANDARD (CRS)!!
Citizenship by investment is a process whereby wealthy individuals can obtain a second citizenship very quickly in exchange for an...
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FATCA AND CRS COMPLIANCE – DQR-RRC
What is DQR-RRC? FATCA & CRS compliance reports are filed in Statement 61B XML format with Central Board of Direct...
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GOLDEN PASSPORT FOR THE RICH …IS CITIZENSHIP BECOMING A COMMODITY TO CIRCUMVENT COMMON REPORTING STANDARD (CRS)?
Organization for Economic Co-operation and Development (OECD) has identified certain investment schemes promoted by some countries to enable rich people...
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FATCA – US TIN – 3 RULES TO BE FOLLOWED BY RFIS UNDER MODEL-1 IGA
As per the Inter-Governmental Agreement (IGA-Model1) between India and USA, Indian Reporting Financial Institutions (RFI) have submitted data relating to...
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COMPLIANCE WITH FATCA-CRS REGULATIONS – HOW IT HELPS FINANCIAL INSTITUTIONS IN TRACKING/MONITORING ACCOUNT HOLDERS TAX-RESIDENT IN FATF BLACK & GREY LISTED COUNTRIES?
The Financial Action Task Force (FATF), to protect the international financial system from Money Laundering and Financing of Terrorism (ML/FT)...
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WHY SHOULD YOU OUTSOURCE APPLICATION SUPPORT ON A MANAGED SERVICES MODE ?
Technology is spreading its wings everywhere like wildfire and BFSI is not an exception to this. Rapid strides in Technology...
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CRS COMPLIANCE PROCEDURE FOR ENTITIES – PRE-EXISTING ACCOUNTS
Needless to say, Common Reporting Standard (CRS) Compliance by Financial Institutions is a statutory requirement.The regulation encompasses Due diligence completion...
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