As a result of the European Union (EU) General Data Protection Regulation’s (GDPR’s) extraterritorial reach, a U.S. business that controls or processes personal data of EU citizens may be subject to the GDPR.  Over 5000 companies have opted to self-certify to the U.S....

Previously, the Cayman Islands stated that its FATCA/CRS AEOI portal was offline for maintenance.  [See my August 31, 2019 blog post: FATCA & CRS: Cayman Portal Closed].  However, the Cayman Islands Department for International Tax Cooperation (DITC) announced this wee...

Are you getting 2020 off to a constructive start by getting your FATCA files in order?  It can be quite a sticking point if you discover that the employee who registered your entity has left the company and your FATCA access code is nowhere to be found.  Sure there are...

This week the British Virgin Islands (BVI) International Tax Authority (ITA) demonstrated its commitment to FATCA and CRS examinations by posting open positions with significant compliance responsibilities.

Head of Compliance Unit

The position includes a number of duties...

Given that the departments usually handling FATCA, CRS and GDPR are swamped with a variety of other year-end tasks, this post may not be welcome . . . but you’ll thank me later!

FATCA: Deregister Now & Avoid 2021 Reporting

If you sell, liquidate or otherwise terminate a...

The South Dakota Trust Association hosted its third annual Fall Forum on October 17 & October 18, 2019.  We were fortunate to have Scott Kelly, Deputy Director of Trusts, South Dakota Division of Banking and Jonathan Sanborn, Esq., Financial Institution Examiner, South...

The South Dakota Trust Association is hosting its third annual Fall Forum on October 17 & October 18, 2019 at Sioux Falls Convention Center.  The Fall Forum will include a variety of speakers on both the local and national level addressing a wide range of topics relati...

As promised in July, Singapore provided details regarding changes to FATCA reporting requirements.  The changes take effect as of April 1, 2020.

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Despite being a Model 1 IGA jurisdiction, Singapore has required Reporting Singapore Financial Institutions (SGF...