CRS and FATCA in Luxembourg, automatic exchange of information.
FSL handles CRS and FATCA reporting: entity classification, account due diligence and filing of returns. We operate the reporting process; legal questions are coordinated with your counsel. FSL handles reporting and operational compliance; regulated legal advice and authorisations (CSSF) are coordinated with our partner lawyers.
CRS (OECD standard, transposed by Directive 2014/107/EU known as DAC2) and FATCA (US regulation via intergovernmental agreement) require automatic exchange of financial account information. Luxembourg financial entities must classify, document and report.
CRS: Directive 2014/107/EU (DAC2), transposed in Luxembourg by the law of 18 December 2015. FATCA: Luxembourg-US intergovernmental agreement, law of 24 July 2015. Filings via the ACD platform.
Key takeaway
- CRS and FATCA require annual reporting of reportable financial accounts.
- Correct entity classification is the decisive step.
- FSL operates due diligence and filing; legal matters are coordinated.
Who this is for
- Funds, SOPARFIs and entities classified as financial institutions
- Family offices and wealth holdings
- Entities with reportable financial accounts
What we do
- CRS/FATCA classification of the entity
- Account due diligence and residence identification
- Preparation and filing of returns with the ACD
- Tracking of annual obligations
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Preparation checklist
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Frequently asked questions
Is my entity a financial institution?
How often to report?
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