Innovative Aussie Regtech Software Platform Partners with Trusted Source to Start Global Rollout in Singapore
SINGAPORE – Media OutReach – 7 May 2018 – Australian-based Regtech firm GCS Agile has signed its first international agreement in Singapore for the use of ?FACS, their FATCA (Foreign Account Tax Compliance Act) And CRS (Common Reporting Standard) Service. FACS is a world leading software program built specifically to manage the complex requirements for the Common Reporting Standard (CRS), for which reports in Singapore and Australia are due for the first time this year. The partnership is with Trusted Source Pte Ltd, a wholly-owned subsidiary of Temasek Management Services Pte Ltd.
“We are thrilled to partner with GCS Agile on this important initiative aimed at reducing tax evasion globally. Singapore is a perfect launch pad for such technology given its strong commitment to the rule of law and international