Wealth management practitioners working for Chinese clients
continue to seek guidance on the implications and requirements
associated with the introduction of the Common Reporting Standard
(CRS).
A recent CRS briefing in Hong Kong, hosted by Guernsey Finance,
attracted more than 60 delegates from the region's banking,
trust and securities industries.
Guernsey Finance Deputy Chief Executive Kate Clouston explained
that Guernsey, as one of the early adopters of CRS in 2014 and
among the first 50 countries and jurisdictions to begin reporting
this year, was perfectly placed to share its expertise with its
Asia counterparts.
"Guernsey has always been at the forefront of adopting and
implementing international legislation, and CRS is no
exception," said Miss Clouston.
