To implement the common reporting standard (CRS) framework effectively, Asian countries face “a really big cultural challenge” that will inevitably have to be addressed, says Jersey Finance CEO Geoff Cook. “Privacy is a bigger issue here in Asia, because it’s about family wealth,” Cook tells Asian Private Banker. While corporates in the US and Europe have fragmented shareholdings, “it’s completely…
Asia’s bias towards family-owned businesses means “privacy is a bigger issue here” ahead of CRS rollout

China Wind Lock Gu Lou