The OECD implemented a mandatory measure introduced to financial institutions within participating countries/jurisdictions for obtaining information and fulfil reporting requirements. The focus of CRS is to tackle practices of tax evasion.

In line with the CRS requirements, an applicant is expected to provide details of their profile that include their name, address, Place of birth, Date of birth, Country(ies) and jurisdiction(s) of tax residence, Taxpayer identification number(s),Place of registration/incorporation (for Entities) Entity Type (for Entities), Controlling Person Type for certain Entity Types (for Controlling Persons)

A list of Participating CRS countries/jurisdictions is available on the OECD portal (see link) - https://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/crs-by-jurisdiction/