Simplified Corporate Tax ComplianceSupporting companies with tax compliance while ensuring effective risk managementManual self-certification outreach associated with FATCA, CRS and other tax compliance legislation is time-consuming and expensive. D&B streamlines this outreach process, reducing the time and resources required to achieve FATCA/CRS compliance and increasing classification consistency.
Timely due diligence
Manage 'heavy lifting' associated with FATCA/CRS classificationDun & Bradstreet uses publicly available external data to deliver a consistent approach to FATCA and CRS due diligence processes. Comprehensive, accurate and timely due diligence, or ‘reasonableness checks’, can be performed by verifying the details held or being on-boarded for the client entity—all compliant with current and upcoming legislation. That way, you can focus more easily on identifying records that require more in-depth attention.
Classify up to 95% of pre-existing accounts for FATCA and CRSClassify up to 95% of pre-existing accounts for FATCA and CRS compliance by different European or global categories. Remediate large batches of pre-existing entity account holders (the 'back book') extremely quickly. Take advantage of robust market and jurisdictional-sensitive guidance. And quickly retrieve and review historic FATCA and CRS classifications.
Monitor change in circumstance for each classification typeFATCA and CRS compliance isn’t a one-off event. It demands ongoing, rigorous monitoring for change in circumstance. Dun & Bradstreet can help you efficiently manage that change in customer circumstance, whether arising from changes in the situation of the entity, or in the specific case of CRS, changes to the participation/reporting status of the jurisdiction. You have the flexibility to frequently reclassify each record and be alerted to any classification that has changed.