FATCA (Foreign Account Tax Compliance Act) is a US law requiring foreign financial institutions to identify and report information on their US account holders, while CRS (Common Reporting Standard) is the global equivalent covering 110+ participating jurisdictions. Both regimes require institutions to determine the tax residency of their account holders and report balances and income to the relevant authorities to prevent offshore tax evasion. Compliance is annual and submitted in XML, a process that is complex to manage manually across multiple jurisdictions, each with its own portal and schema.

The ARKK Automation Platform delivers the complete process in four steps: aggregating data from any source system into a single governed environment, calculating reportable balances and values per account holder, filing submission-ready XML to each jurisdiction's portal, and providing enterprise-grade governance and a full audit trail across every stage. The platform is modular, so institutions can implement the full end-to-end process or simply the final XML conversion.

The ARKK Automation Platform is designed to be operational in weeks, not months. The modular structure means implementation scope is defined by what you need, so institutions that require only the XML conversion component can go live faster than those implementing the full end-to-end process. Your dedicated Customer Success team provides guidance throughout onboarding and extended support around reporting deadlines.

Yes. The ARKK platform is source-agnostic, connecting to data from any system, whether an ERP, fund administrator feed, or spreadsheet-based process. Data is ingested once and reused across multiple reporting processes without limits on volume or complexity, removing the need to re-extract or reformat data for different jurisdictions.

ARKK software is ISO 27001 certified, the internationally recognised standard for information security management. The platform includes customisable workflows, defined team roles, and built-in validations, ensuring that access controls and data integrity are maintained throughout the reporting lifecycle.

Yes. ARKK automatically manages Nil Return obligations for jurisdictions such as the Cayman Islands, BVI, and the UK, where a return is required even with no reportable accounts. As new countries join the CRS list, their schemas are added to the platform, so your process does not break when your reporting footprint expands.

Many institutions still manage FATCA and CRS through spreadsheet templates with scattered ownership and limited controls. As scrutiny intensifies, these approaches create material risk: XML errors and miscategorised data lead to rejected filings, missed Nil Returns trigger easy regulator fines, and manual processes struggle to scale as jurisdictions and account volumes grow. With authorities now using AI to cross-check CRS data against other filings, data quality matters more than ever.