CRS and AEOI, MDR and beneficial ownership registers. What can we expect to be targeted next? - Zac Lucas

Zac Lucas of Centenal

Feb 7, 2019

Zac Lucas, Founder, Head of Legal at Centenal discusses CRS and AEOI, MDR and beneficial ownership registers..

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1. CRS and AEOI, MDR and beneficial ownership registers. What can we expect to be targeted next?

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1. CRS and AEOI, MDR and beneficial ownership registers. What can we expect to be targeted next?

I think probably there will likely be some alignment between the European Union’s version of CRS, which covers director fees as well as rents of land. I think that will be a natural expansion of the CRS. It will also probably try and capture asset classes that are known to be areas where clients are avoiding the CRS, so things like chattels, fine art, gold, gold bullion, looking at properties, commercial, residential. I think that will be a key area that they’ll probably expand the CRS into going forward.

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