TIN Structure Validation

US-IRS and OECD have provided guidelines regarding the Tax Identification Number (TIN) structure of different countries for validating TINs during the submission of FATCA and CRS reports to the regulator.

Finguine application offers a utility to create and manage TIN structures in accordance with the guidelines provided by OECD. The application also validates TIN structures against the data submitted by Reporting Financial Institutions (RFI) and generates TIN Validation reports for data remediation purposes.

By implementing this functionality, RFIs can ensure that TINs submitted in their reports adhere to the prescribed structures, thereby minimizing the need for data corrections during the Data Quality Review (DQR) process.