With the onset of stringent compliance issues, private banks are referring their clients to independent advisers, particularly when it comes to dealing with FATCA and CRS. “Private banks are facing stringent compliance issues that are leading them to refer their clients to independent advisers for their clients’ tax issues such as FATCA,” says Debby Davidson, Hong Kong-based managing director for…
FATCA, CRS forcing private banks to outsource tax advisory services
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