By Novus Compliance 1 min read FATCA Reporting
Keeping up with fatca crs news is a full-time job. As we enter the 2026 reporting season, several jurisdictions have updated their technical guidance, impacting how Financial Institutions (FIs) handle their fatca crs filing.
Latest FATCA CRS News Today
The biggest headlines this month come from the EU and East Asia. If you are tracking fatca crs news today, you know that the European Union is tightening its Directive on Administrative Cooperation (fatca crs dac2). The new amendments require stricter validation of Tax Identification Numbers (TINs) before submission.
Focus on FATCA CRS Korea
For FIs with clients in South Korea, the National Tax Service (NTS) has released new XML schema requirements. FATCA CRS Korea compliance now demands that all "Controlling Persons" fields be fully populated, with zero tolerance for placeholder data. If your software isn't updated for these regional variances, you risk rejection.
Stay tuned to Novus Compliance for more updates on fatca crs dac2 and global regulatory changes.
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