CRS webpage now available

With the implementation of the Organisation for Economic Co-operation and Development’s (OECD) Common Reporting Standard (CRS), Clearstream is now publishing a dedicated webpage in order to provide information to its customers.

In short, CRS sets forth a globally-coordinated approach to the disclosure of information regarding income earned by individuals and organisations and defines new reporting and compliance rules for Financial Institutions. The first exchange of information is scheduled to take place in 2017.