What makes a Trust a Custodial Institution for CRS

A trust is considered a “custodial institution” under the Common Reporting Standard (CRS) when a substantial portion of its business involves holding financial assets for the account of others, meaning the trust primarily functions as a custodian by safeguarding assets on behalf of beneficiaries, and a significant percentage of its income is derived from performing […]

What makes a Trust a Custodial Institution for CRS Read More »