EU

  • CESOP: What Payment Service Providers Need to Report

    Introduction CESOP reporting is a mandatory quarterly obligation for European payment service providers handling cross-border transactions above the 25-payment threshold – missing the deadline or submitting inaccurate data can result in supervisory action and penalties. If you work in payments or compliance at a European financial institution, CESOP likely sits on your regulatory checklist. For…

  • CARF: The New Global Tax Reporting Framework for Crypto

    Introduction The Crypto-Asset Reporting Framework (CARF) represents a fundamental shift in how crypto-asset transactions are reported across borders for tax purposes. Developed by the OECD and endorsed by the G20, CARF establishes a common standard for automatic exchange of information about crypto-asset transactions – similar in scope to the Common Reporting Standard (CRS) that transformed…