CRS 2.0, FATCA & CARF Reporting Compliance for Financial Institutions

Financial institutions (banks, custodians, insurers, and fund managers) are subject to CRS 2.0 (130+ committed jurisdictions, with the amendments applying in the EU from January 2026), DAC8 (enforced January 2026 across EU member states, with mandatory blocking of crypto-asset users who do not self-certify after two reminders and at least 60 days), FATCA (active globally for US tax reporting), and CARF where they provide crypto custody services. TaxDo covers all four frameworks on a single platform.

TaxDo replaces static PDF forms with a conversational self-certification experience. Account holders answer guided questions — not fill forms — while the system validates TINs, tax residency, and entity classification in real time. A pre-populated self-certification form is then presented for digital signature. The entire flow runs under the bank's branding with full white-label support.

The Forensic Intelligence Engine performs automated due diligence across every account — detecting indicia, assessing reasonableness of self-certifications, and identifying discrepancies that require resolution. It then resolves 95%+ of those discrepancies automatically through authoritative source correction, targeted account holder outreach, document requests, and entity re-classification — without compliance officer intervention.

Yes. TaxDo offers three deployment tiers: Cloud (multi-tenant SaaS), Private (dedicated single-tenant infrastructure), and Sovereign (on-premise, air-gapped deployment). Sovereign deployment keeps all data within the institution's own infrastructure — critical for banks with strict data residency and regulatory requirements.

On the CRS side, DAC8 requires institutions to collect and validate the self-certification. Where, in exceptional circumstances, a new account has none in time, the institution applies the pre-existing account procedures until it is obtained and validated. Blocking applies to crypto-asset users, after two reminders and at least 60 days. Banks that offer crypto-asset services must also apply DAC8's blocking rule to those transactions. TaxDo's self-certification workflow validates TINs and tax residency in real time during account opening — ensuring Day-1 compliance. If discrepancies arise, the Forensic Intelligence Engine initiates curing workflows automatically, tracking remediation deadlines and escalation triggers to resolve gaps before they become reporting failures.

TaxDo's Global Tax Identity engine validates TINs in real time across 130+ countries, covering 1,000+ tax identification number types. Validation runs against official government sources and 120+ business registries — providing authoritative verification, not pattern matching. This covers the full jurisdictional scope of CRS 2.0, DAC8, FATCA, and CARF obligations.

TaxDo provides API-first integration for embedding compliance workflows directly into existing core banking, onboarding, and CRM systems. The self-certification experience, TIN validation, and due diligence intelligence are all available via REST APIs. For reporting, TaxDo generates jurisdiction-specific regulatory XML — CRS XML, FATCA XML, DAC8 XML — ready for submission to local competent authorities.