Guernsey FATCA & CRS Updates
Guernsey Revenue Service issued a bulletin covering upcoming FATCA and Common Reporting Standard (CRS) deadlines and requirements....
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IRS FATCA TIN Codes for Y2022 Reporting
The U.S. Internal Revenue Service (IRS) updated the tax identification number (TIN) codes to be used in Y2022 FATCA reporting when...
BVI FATCA & CRS Deadlines
The British Virgin Islands (BVI) International Tax Authority (ITA) announced its FATCA and Common Reporting Standard (CRS) reporting...
FinCEN Alert: U.S. Real Estate Investments by Sanctioned Russians
On January 25, 2023, FinCEN issued an alert regarding potential investments in the U.S. commercial real estate (CRE) sector by sanctioned...
FATCA: IRS Gives FFIs US TIN Reprieve
The U.S. Internal Revenue Service (IRS) recently issued Notice 2023-11 which will be in Internal Revenue Bulletin (IRB) 2023-3, dated...
CRS: Updated UK Reportable Jurisdictions
On January 5, 2023, the United Kingdom HM Revenue & Customs (UK HMRC) updated the list of reportable jurisdictions in its International...
FinCEN Published Proposed Beneficial Owner Information Access Rule
On December 16, 2022, the Financial Crimes Enforcement Network (FinCEN) published in the Federal Register the preliminary rules to...
Singapore Updated FATCA Reporting Form
On December 20, 2022, the Inland Revenue Authority of Singapore (IRAS) updated its FATCA Fillable PDF Form. Specifically, IRAS updated...
Is Anyone at the IRS Reinstating GIINs?
Financial Institutions (FIs) around the world find themselves with terminated FATCA accounts. As a result their Global Intermediary...
FATCA Registration of Sponsored Closely-Held Investment Vehicles
In October 2022, the Internal Revenue Service (IRS) issued a notice regarding the removal of Sponsored Entities from the IRS Foreign...
BVI FATCA/CRS Registration Fee Starts in 2023
On October 27, 2022, the British Virgin Islands International Tax Authority (BVI ITA) announced the US$185.00 portal registration fee...
Bahamas Announces Upcoming FATCA/CRS Portal Dates
The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration...
FinCEN Announces Beneficial Ownership Reporting Deadlines
On September 29, 2022, the Financial Crimes Enforcement Network (FinCEN) issued a final rule establishing a beneficial ownership...
FATCA: IRS Public Key Expires October 14
The IRS announced the Public Key for FATCA filing will expire on October 14, 2022. For those financial institutions (FIs) who submit...
Join Me Live or Virtually in Sioux Falls October 6 & 7
The South Dakota Trust Association is hosting its sixth annual Fall Forum on October 6 & October 7, 2022 at Sioux Falls Convention...
BVI Primary User Must Have A Permanent Position Within FI
The British Virgin Islands (BVI) International Tax Authority (ITA) recently reminded Financial Institutions (FIs) that the BVI Mutual...
FinCEN Looking Toward Digital IDs
On September 7, 2022, Jimmy Kirby, Acting Deputy Director of the Financial Crimes Enforcement Network (FinCEN) spoke at the 2022 Federal...
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