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In this video snippet from our EU Webinar, Fiona walks through a snapshot of the Common Reporting Standard 2 (CRS2), covering: ✅ What CRS2 is and its legal basis ✅ The goal of expanding tax transparency across financial accounts ✅ Which financial institutions and accounts are in scope ✅ Annual reporting requirements under the CRS2 XML schema ✅ Key data fields for individuals, corporates, and controlling persons ✅ 2026 as the “data year” and 2027 as the reporting year ✅ Practical steps to strengthen onboarding and monitoring 📅 Data collection begins: 1 January 2026 📄 Reporting year: 2027 (exact deadlines set by each EU member state) 🔁 Frequency: Annual 📁 Format: XML (OECD CRS schema) If your firm offers cross-border financial or digital wallet products in the EU, this snapshot will help you understand what CRS2 requires and how to prepare early.