From 7th to 9th November, Hermes bank representatives reaffirmed their commitment to regulatory transparency by turning their attention to adopting CRS updates and sustaining FATCA compliance.

The 6th Annual Tax Compliance conference held at Times Square, New York brought together a global pool of acclaimed professionals in their field. In attendance, the bank benefited from the experience of industry experts from international players such as BNP Paribas, JPMorgan Chase, BNY Mellon, Deutsche Bank, Goldman Sachs, Citi, Thomson Reuters and others as well as the Internal Revenue Services (IRS).

In preparation for the inaugural year of country by country reporting the bank continues to examine FATCA and CRS requirements from various perspectives to mitigate risk and adopt industry best practices.…