OECD’s updated Common Reporting Standard 2025 expands global tax transparency by including e-money, CBDCs, and crypto-related investments, while tightening due diligence rules

Released as a consolidated text, the updated CRS aligns with the Crypto‑Asset Reporting Framework (CARF), introducing stricter due diligence and reporting obligations for financial institutions and crypto-asset service providers. The framework also clarifies exemptions for genuine non-profit organisations and provides updated guidance to ensure consistent application across jurisdictions…