Extended application of the automatic exchange of information to crypto assets: what board members and trustees need to know about the OECD’s Crypto Asset Reporting Framework

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Introduction

This article explores the OECD’s Crypto-Asset Reporting Framework (CARF) and its implications for trustees and board members involved in wealth management structures. With implementation expected in participating jurisdictions from the 2026 tax year, the CARF introduces mandatory transaction-level reporting for crypto assets by Crypto-Asset Service Providers (CASPs)—a category that may include fiduciaries and foundations. Unlike the Common Reporting Standard (CRS), which focuses on financial accounts and year-end balances, the CARF requires detailed disclosure of user identities and tax residency. Trustees and governance bodies must now assess their compliance obligations under the CARF and adapt their advisory and operational strategies accordingly to manage regulatory, reputational, and financial risks in this fast-evolving regulatory landscape

Publisher: Oxford University Press