Lukka CARF Compliance
Automating Global Crypto Transaction Reporting
Simplifying CARF Compliance
The Crypto-Asset Reporting Framework (CARF), introduced by the OECD, provides a new global framework for automatic exchange of tax-relevant information on transactions in digital assets. Businesses must navigate complex data collection, verification, and reporting across multiple jurisdictions. With over 60 jurisdictions committed to CARF, compliance is essential. In order to be ready for 2026, companies need to be certain they can meet these key data challenges now.
Businesses must overcome data complexity, validation, and reporting challenges before the 2026 deadline.
Data Normalization & Ingestion
The crypto ecosystem spans thousands of assets and venues, each using different tickers and naming conventions, requiring advanced infrastructure for accurate reporting.
Accurate Asset Valuation
Crypto markets operate 24/7 without standardized pricing, making FMV assessments complex, especially for crypto-to-crypto transactions.
Scalability & Timeliness
Compliance requires processing millions of transactions efficiently while meeting strict reporting deadlines across jurisdictions.
Trust & Compliance
Institutions must implement robust security and governance practices to ensure secure and audit-ready reporting.
Authoritative Sources from OECD
Crypto-Asset Reporting Framework – Full Report (Component 10)
Complete technical specification and rationale behind CARF, including implementation notes.
OECD Announcement – IT Format & Interpretative Guidance (Oct 2024)
Details on transmission formats and additional interpretative clarifications.
International Standards for AEOI – 2023 Edition
The broader OECD framework into which CARF and CRS fit.
CARF XML Schema – October 2024
Technical file for consistent XML-based submission by jurisdictions.
Amended CRS XML Schema – October 2024
Updated CRS schema in line with CARF requirements.
OECD Tax Transparency Standards Overview
https://www.oecd.org/en/topics/international-standards-on-tax-transparency.html
Latest Updates from OECD
March 2025
additional jurisdictions signed the Multilateral Competent Authority Agreement (MCAA) on CARF. Iceland and Mongolia, are among the most recent to commit. The full list can be accessed in the OECD’s Addendum to the MCAA Signatories (PDF).
October 2024
The OECD released the official IT transmission format for CARF and the amended Common Reporting Standard (CRS). This includes guidance for competent authorities and reporting entities on how to structure and submit information electronically using the approved XML schema.
Simplify CARF Reporting
Lukka simplifies CARF reporting with automated data validation, structured aggregation, and real-time compliance monitoring, ensuring seamless regulatory adherence.
Automated Compliance Reporting
Streamlines CARF reporting by validating, reconciling, and generating regulatory-compliant reports.
Standardized Asset Valuation & Classification
Ensures precise pricing and categorization of crypto assets, reducing errors in reporting.
Comprehensive Data Aggregation
Processes and structures transaction data across 2,500+ venues to create clean, audit-ready records for accurate compliance.
Real-Time Risk Monitoring & Audit Support
Detects high-risk transactions and provides insights for regulatory reporting and compliance oversight.
Quality Counts: The “Value” in Lukka Prime Data
Institutional-Grade Digital Asset Accounting & Reporting
Fair Market Value (FMV) Reporting: A Breakthrough for Crypto Asset Valuation
Ensure CARF Reporting with Lukka
Learn how Lukka simplifies CARF reporting with automated data validation, structured aggregation, and real-time compliance monitoring, ensuring seamless regulatory adherence.
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