Temenos Regulatory Compliance

Common Reporting Standard (CRS)

CRS is a module integrated into Temenos 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.

Webinar

Temenos Compliance Advisory Live: Payment Deferral Programs

Temenos Compliance Advisory Live gives you front row access to our team of compliance experts in an open, virtual Q&A panel setting. Please join us as we share our most frequently asked questions, take new questions from the audience, and navigate the ins and outs of Payment Deferral Programs together.

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…