Our services
We cover the full lifecycle of FATCA and CRS obligations, from initial classification and regulatory registrations to due diligence, documentation and reporting.
Entity Classification
We assess entity structure, activities and ownership to determine the appropriate FATCA and CRS classification.
- Identification of Financial Institution vs Non-Financial Entity status
- Assessment of investment entity criteria
- Review of controlling persons where applicable
- Documentation of classification rationale
Regulatory Registrations
We assist with the registration of entities with relevant authorities.
- IRS FATCA portal registration
- GIIN application and maintenance
- Registration with local AEOI portals
- Review and update of registration status
Due Diligence & Documentation
We support the identification of reportable accounts and ensure that due diligence requirements are met.
- Review of investor base
- Identification of reportable account holders
- Assessment of self-certifications
- Documentation and validation of due diligence processes
Procedure Manuals
We prepare FATCA and CRS procedure manuals to support internal governance and compliance.
- Definition of roles and responsibilities
- Documentation of due diligence processes
- Reporting procedures and timelines
- Alignment with regulatory expectations
Reporting
We assist with the preparation and submission of FATCA and CRS reports.
- Compilation and validation of reporting data
- Preparation of XML reporting files
- Submission to relevant competent authorities
- Resolution of reporting errors and re-submissions
Training
We provide targeted training sessions to strengthen internal understanding of FATCA and CRS obligations.
- Overview of FATCA and CRS frameworks
- Practical application of classification rules
- Due diligence requirements
- Reporting obligations
Ongoing Support
We provide continuous support to ensure that organisations remain aligned with evolving regulatory requirements.
- Ongoing review of entity status
- Updates based on regulatory developments
- Support during reporting cycles
- Ad hoc assistance
Frequently asked questions
What is the difference between FATCA and CRS?
FATCA is a US tax compliance regime targeting US persons holding accounts abroad. CRS is the OECD-led equivalent designed for multilateral exchange of financial-account information between participating jurisdictions. Both require entity classification, due diligence and reporting, but the populations they cover and the reporting authority differ.
Who needs to register for a GIIN?
Foreign Financial Institutions and certain entities acting on their behalf are required to register with the IRS for a Global Intermediary Identification Number (GIIN). RegiCore handles GIIN registration as part of the Regulatory Registrations service.
How long does an entity classification engagement take?
A typical entity classification is completed within 2 to 4 weeks, depending on entity structure, document availability and the number of controlling persons to review.
Do you support reporting in jurisdictions outside Mauritius?
Yes. RegiCore supports clients across multiple jurisdictions. Our team has experience preparing and submitting FATCA and CRS reports to a range of competent authorities globally.
Can you help us build an internal procedure manual?
Yes. The Procedure Manuals service produces an audit-grade FATCA and CRS manual covering roles, due diligence, reporting workflows, retention and training.
Ready to bring clarity to your compliance?
For further information or assistance, get in touch with our team. We’re ready to help.