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Welcome to our channel! Are you curious about the impact of CRS (Common Reporting Standard) and FATCA (Foreign Account Tax Compliance Act) on individuals and business operations? Join us for an insightful exploration as we unravel the complexities of these regulations and their implications. In this video, we provide a comprehensive explanation of how CRS and FATCA affect both individuals and businesses. From increased transparency requirements to changes in reporting obligations, understanding the impact of these regulations is crucial for navigating the evolving landscape of international finance. Whether you're an individual taxpayer or a business owner, this video offers valuable insights into how CRS and FATCA influence financial decisions and operational processes. Gain a deeper understanding of compliance requirements, tax implications, and best practices for ensuring regulatory adherence. Don't miss out on this opportunity to stay informed and empowered in the face of regulatory change. Hit play now to discover the impact of CRS and FATCA on individuals and business operations, and learn how to navigate these regulations effectively. Let's decode the complexities together and pave the way for financial success and compliance! ⌚TIMESTAMPS 0:00 Intro 0:08 Introduction of FATCA and CRS 0:25 The Reach of CRS and FATCA 0:36 Increased Financial Transparency 0:49 Tax Compliance and Reporting 1:01 Potential Penalties 1:12 Enhanced Due Diligence 1:23 Penalties and Legal Consequences 1:36 In Conclusion 1:52 Closing ⬇️ CONNECT WITH US Official website: https://rtcompliance.sg/ Email us: support@rtcompliance.sg LinkedIn: / rtcompliancesingapore Facebook: / rtcompliancesingapore Instagram: / rtcompliance 🔔SUBSCRIBE ON YOUTUBE / @rtcompliancesingapore #compliance #kyc #business #finance #tax #fatca #crs #process #challenges #individual