Keypoint, a business consulting and advisory firm based in Bahrain, organised a workshop on Common Reporting Standard (CRS) at Downtown Rotana Hotel, Manama, yesterday (October 19).

The workshop focused on key aspects of CRS and provided guidelines to participants on how to make an easy transition from the Foreign Account Tax Compliance Act (FATCA) of United States to CRS at optimal cost and effort, said a press release.

Highlights of the workshop included an overview of the CRS or Automatic Exchange of Financial Account Information (AEFAOI), comparison between FATCA and CRS and guidance on how to implement CRS due diligence and reporting requirements.

The event was attended by representatives of leading financial institutions and regulators, it said. - TradeArabia News Service