At our December 9 webinar “Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA) Updates”, industry practitioners from KPMG and UBP gave us an overview of CRS and FATCA and their key operational impacts on financial institutions. Speakers also provided insights into best practices that firms can follow to ensure compliance with CRS and FATCA standards, and wrapped up the webinar by providing the latest updates on the CRS regime and AML and related regulatory actions.