Label Launches Next-Gen Due Diligence: The Future of FATCA & CRS Compliance
Global tax transparency is evolving fast; financial institutions and service providers are under increasing pressure to stay compliant while keeping client experiences seamless. At Label, we’ve always believed that technology should make compliance simpler, smarter, and scalable. We are proud to announce the launch of Label’s new Form Validation Module, built directly into our platform. […]
CARF Guide
What is the new CARF regulation? How should crypto assets be reported? What data does the OECD require? CARF is now official. And if you’re a Crypto-Asset Service Provider, your next major tax compliance obligation has a name and a deadline. This free report explains, step-by-step, what CARF entails, how it affects you, and how […]
FATCA & CRS Common Errors
Discover the 10 most common FATCA & CRS errors—and how to avoid them with automation At Label, we analyzed more than 10,000 FATCA & CRS reports from banks and funds, and compiled the most frequent errors and their solutions in this ebook. Download it free and eliminate errors with Label, the software that automates FATCA […]
Bridging the Compliance Gap: FATCA & CRS in a Changing Australian Regulatory Landscape
As Australia pushes ahead with its latest reforms to AML/CTF rules and its tax transparency framework, it is clear that Financial Institutions and service providers face a growing challenge and a growing opportunity. Click here to read our analysis on the state and challenges of FATCA & CRS in Australia.
OECD releases the Crypto-Asset Reporting Framework (CARF) XML Schema
On 2nd October 2024, the OECD released the XML Schemas and User Guides to support the transmission of information between tax authorities pursuant to the Crypto-Asset Reporting Framework (CARF) and the amended Common Reporting Standard (CRS). The CARF XML Schema and User Guide and the CRS XML Schema and User Guide reflect the reporting requirements […]
Luxembourg Implements DAC7 Directive, Strengthening Data Protection in Financial Reporting
Introduction On May 3, 2023, the Luxembourg Parliament passed a significant bill that enforces the Council Directive (EU) 2021/514, commonly referred to as DAC7. This directive aims to enhance the common reporting standard (CRS) for financial institutions when it comes to reporting their account holders’ financial information. The bill introduces several crucial provisions that have […]
Data Integrity and Centralized Database for FATCA & CRS
In an era dominated by technology and interconnected financial systems, data integrity has become paramount. The global effort to combat tax evasion and ensure transparency in financial transactions has given rise to initiatives like the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). These frameworks aim to streamline the exchange of […]
Improvements in AI in the corporate governance and compliance field and their future
Artificial Intelligence (AI) has made significant strides in recent years, and the corporate governance and compliance field is no exception. With its ability to analyze vast amounts of data quickly and accurately, AI is well-suited to assist organizations in meeting their regulatory obligations and minimizing risk. In this article, we’ll explore some of the recent […]
Corporate Governance, AI and Software
Corporate governance refers to the systems, principles, and practices by which a company is directed and controlled. The goal of corporate governance is to maximize the company’s value and ensure accountability to its stakeholders, including shareholders, employees, customers, suppliers, and the broader community. Achieving the best corporate governance for your company can be a daunting […]
FATCA&CRS Software Update
We are excited to announce that a new update for the FATCA&CRS software has been released! This update brings a range of new features and enhancements, making the process of reporting even easier and faster than before. Here are some of the key improvements you can expect with this new update: We are confident that […]