Skip to main content

Call us today +971 - 56411 3575 or +971 - 58914 9282 | Email: info@vertexcompliance.com

FATCA and CRS Compliance Services

Get clear support with FATCA and CRS classification, due diligence, reporting and ongoing compliance.

Request a Consultation

    About Our FATCA and CRS Compliance Services

    FATCA and CRS require financial institutions to identify certain account holders, collect the right information and report relevant financial accounts. Meeting these obligations takes more than submitting an annual return. Errors made early in the process can cause problems later.

    Vertex Compliance provides FATCA and CRS compliance services to financial institutions. We review how your organisation handles FATCA and CRS, identify weaknesses and help build processes that work in practice.

    Our support is based on your business, customers and account types. Whether you are setting up a new framework, preparing for the reporting cycle or addressing gaps in an existing process, we give your team a clear way forward.

    FATCA CRS

    What Our FATCA and CRS Services Review

    We review your FATCA and CRS processes to identify reporting gaps and weak controls.

    1. Policy and Procedure Development

    We prepare FATCA and CRS policies that reflect your organisation’s activities, account types and customer base. The documents explain how customers should be classified, when self-certification is required and what employees must do when information is missing or inconsistent. We also set out responsibilities for onboarding, compliance, operations and reporting so that each team understands its role.

    2. FATCA and CRS Gap Assessment

    Our FATCA and CRS gap assessment looks at how your existing framework works in practice. We review policies, customer files, due diligence controls, self-certification forms, reporting processes and the records maintained by your organisation. Any gaps are recorded with clear recommendations. This gives management a practical plan for correcting weaknesses before they affect the next reporting cycle.

    3. FATCA and CRS Training

    Different teams have different responsibilities. A relationship manager does not need the same level of detail as the employee preparing the annual submission. Our FATCA and CRS training can be tailored for the board, senior management, compliance teams, operations employees and customer-facing staff. Sessions focus on the decisions employees need to make in their actual roles.

    Our Approach

    Our approach follows the full FATCA and CRS compliance cycle, from classification and onboarding to reporting and ongoing review.

    1
    Understand Your Organisation

    We begin by reviewing your legal structure, business activities, products, account types and customer base. This helps us understand where FATCA and CRS apply, which teams are involved and how information moves from customer onboarding to the final report.

    2
    Review the Current Process

    Next, we examine your policies, procedures, customer due diligence, self-certification forms and reporting arrangements. We look beyond the written documents to understand how employees apply them, how exceptions are handled and whether the right evidence is retained.

    3
    Address the Gaps

    Any weakness is assessed according to its impact on classification, due diligence or reporting. We then set out what needs to change, who should take responsibility and which actions should be completed first. Where required, we can update policies, forms and working procedures.

    4
    Prepare for Reporting

    Before submission, we help your team review the reporting population and identify missing or inconsistent information. We can also support internal checks, file preparation and staff readiness so that the organisation approaches the reporting deadline with greater confidence.

    Who Needs FATCA and CRS Compliance Support?

    Banks and Credit Institutions
    Investment Entities
    Insurance Companies
    Other Financial Institutions

    Ideal for financial institutions that need support with FATCA and CRS classification, due diligence, reporting or ongoing compliance.

    Why Choose Vertex Compliance?

    Clear Advice on Your Obligations

    We explain how FATCA and CRS apply to your organisation without burying the answer in technical language. Your team receives a clear view of the classifications, documents, checks and reporting steps that require attention across the entire compliance process.

    Support Based on Your Operations

    A bank, investment fund and insurance company will not have identical FATCA and CRS risks. Our work reflects your legal structure, products, account holders, systems and existing customer due diligence process at every stage of compliance.

    Documents Employees Can Follow

    Policies are written for practical day-to-day use, not simply to satisfy a documentation requirement. They clearly set out responsibilities, review steps, escalation points, evidence requirements and the treatment of incomplete or conflicting customer information.

    Help Across the Reporting Cycle

    Our support can continue beyond the initial review. We can help update customer records, address due diligence gaps, prepare employees and strengthen the checks completed before each annual FATCA and CRS submission deadline.

    Meet the Experts

    Sarah Khan
    Vasantha Madan Mohan

    Managing Director

    Sarah Khan
    Sridhar Rajam

    Associate Partner

    Sarah Khan
    Arjun Mohan

    Director – Sales & Marketing

    Frequently Asked Questions

    The Common Reporting Standard is an international framework for the automatic exchange of financial account information between participating jurisdictions. It requires Reporting Financial Institutions to identify the tax residence of account holders and report relevant accounts.
    FATCA focuses on specified connections to the United States. CRS considers tax residence across participating jurisdictions. Although the two frameworks share certain due diligence and reporting features, their classifications, definitions and reportable information are not identical.
    The requirements generally apply to UAE Reporting Financial Institutions. This may include banks, custodial institutions, investment entities and certain insurance companies. An entity should complete a proper classification assessment instead of relying only on its commercial licence or business name.
    No. The requirement depends on the entity’s classification and whether it maintains reportable financial accounts. Some organisations may have registration or other obligations even when they do not have reportable accounts. The relevant rules and instructions should be checked before a filing position is taken.
    A self-certification is information provided by an account holder to confirm matters such as tax residence, US status and Tax Identification Number. The financial institution must check whether the information is complete and reasonable when compared with the other customer information it holds.
    The institution should follow its documented process for obtaining the missing information and assessing whether the account can be opened or maintained. The correct action will depend on the applicable rules, the type of account and the information that is missing.