Temenos Regulatory Compliance

Common Reporting Standard (CRS)

CRS is a module integrated into Temenos T24 Transact focused on the Client Identification, Due Diligence and Reporting (AEoI) requirements according to the OECD Common Reporting Standards.

The Common Reporting Standard (CRS) is a global standard for the automatic exchange of financial account information between governments around the world to help fight against tax evasion. It requires all financial institutions that operate in a CRS participating jurisdiction to gather customer information and report it their local tax authorities.

Built for Financial Institutions

The Temenos CRS solution has been designed to enable financial institutions to comply with the Common Reporting Standards.

Reportable Accounts

Temenos CRS can readily support the reporting of both Personal and Corporate customers. Additionally, can we design it so that this section is not displayed to the viewer split over 2 separate screens.

Due Diligence Procedure

The Temenos CRS provides support for both internal due diligence processes and customer self-certification information.

Reporting & Information Exchange

The Temenos CRS modules provide Financial Institutions with the ability to create CRS compliant submission files ready for uploading to the local Tax Authority.

Temenos can also provide extensive support to Financial Institutions operating in jurisdictions that have country-specific variations to the Common Reporting Standards.

Video

Flood Rules…Will You Sink or Swim?

Learn the 7 elements in the definition of Private Flood Insurance Understand how the Compliance Aid can assist your institution Utilize Implementation Tips to aid your institution in complying with…

Webinar

Complaint Management Triage

In this webinar, members of the Temenos team will cover a variety of aspects of Complaint Management from tracking and reporting complaints to regulator expectations.