The Foreign Account Tax Compliance Act (FATCA) is a U.S. regulation designed to capture account information of United States (U.S.) persons who may be investing and earning income through non‑U.S. financial institutions. This information is reported to the U.S. Internal Revenue Service (IRS).
 

The Common Reporting Standard (CRS) is a global framework introduced by the Organisation for Economic Co‑operation and Development (OECD). It enables the automatic exchange of financial account information between jurisdictions that have agreed to participate, helping to improve tax transparency and combat tax evasion.