The introduction of the Crypto-Asset Reporting Framework (CARF) and amendments to the Common Reporting Standard (CRS 2.0) are bringing significant changes to international tax transparency and reporting. With the first CARF exchanges approaching in 2027, financial institutions and crypto-asset service providers need to understand how these requirements will affect their existing compliance frameworks.

While CARF and CRS 2.0 primarily concern tax reporting, many of the requirements intersect with existing AML and KYC obligations. This session will examine the key changes, their practical implications and what organisations should be considering as implementation progresses.

The discussion will explore:

The key requirements of CARF and CRS 2.0, including who is affected and the implementation timeline
How existing AML and KYC processes intersect with tax reporting and customer due diligence requirements
The relationship between CARF, virtual assets and FATF standards, including the Travel Rule
The Cayman Islands regulatory framework and what the changes mean for local financial institutions and service providers
The role of customer self-certifications and the importance of maintaining accurate and complete information
Common compliance gaps and what regulators and peer reviewers look for when assessing effectiveness

The session will also consider the practical challenges organisations may face when aligning existing compliance processes with these evolving requirements, drawing on the panel's international regulatory experience.

Designed for AML and compliance professionals, MLROs, financial institutions and those working with virtual assets, the webinar will provide a clearer understanding of CARF and CRS 2.0 and the considerations for preparing ahead of 2027.