Workshop on the Foreign Account Tax Compliance Act (“FATCA”) certification and the implementation of the Common Reporting Standards (“CRS”)

01/12/2017

30 November 2017

AAB, in cooperation with PricewaterhouseCoopers Albania (PWC) experts, organized a workshop to discuss the Foreign Account Tax Compliance Act (“FATCA”) certification and the application of Common Reporting Standards (“CRS”). The roundtable was attended by 22 representatives of member banks. During the activity , was discussed on:

  1. The importance of applying the FATCA rules and the three-year certification procedures which are carried out for the first time since the law entered into force; and moreover they should be completed by June 30, 2018.
  2. The Common Reporting Standards (CRS) and the expected impact on the Financial Institutions.