Expert guidance on global tax transparency compliance

Fulfilling international tax reporting obligations is now a critical part of doing business in Jersey’s financial services industry. The Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) require certain financial institutions and entities to collect, maintain, and report information on account holders to Revenue Jersey. These regimes form part of a global effort to combat tax evasion and promote transparency.

FATCA is a United States law that requires foreign financial institutions to identify and report accounts held by US persons or entities with US ownership.
CRS is a global initiative developed by the OECD requiring participating jurisdictions, including Jersey, to exchange financial account information on non-resident individuals and entities.

Our Expertise

At BCR, our team of experts offer specialist support to help you meet these obligations accurately, efficiently, and with confidence. Our team works with Corporate Service Providers (CSPs), trust companies, fund managers, and reporting financial institutions to deliver compliant reporting in line with the latest guidance.

Our Approach

We begin with a full review of your entity structure and account holder data. We apply classification criteria, determine your reporting obligations, and guide you through the process from start to finish. For existing reporters, we ensure your filings are accurate, complete, and aligned with evolving regulatory expectations.

We also advise on policies, control frameworks, and governance oversight of FATCA/CRS processes, supporting your regulatory position beyond just the annual return.

Who we support:

Corporate Service Providers (CSPs).
Trust and company administrators.
Investment vehicles and asset-holding companies.
Private wealth and family office structures.
Directors and trustees of Jersey structures.

Our Services

We provide support for the following:

Entity classification analysis and registration.
FATCA/CRS due diligence support and account holder review.
Completion and submission of annual FATCA and CRS reports.
Remediation of past errors or late filings.
Ongoing compliance reviews and governance advisory.
Internal training and control design (where required).
Liaison with Revenue Jersey and support with audits.

Our values at work:

Excellence: Technical accuracy and strategic foresight in a sensitive compliance area.
Delivery: Timely, complete, and correctly formatted reporting.
Respect: Discretion and professionalism in dealing with client data.
Elegance: Clear, navigable solutions in a complex reporting environment.

Why BCR Pro

BCR Pro is your trusted partner in navigating the regulatory requirements of the Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA). We provide Corporate Service Providers and fiduciaries with expert compliance solutions, ensuring all reporting obligations are met accurately and on time.