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Bahamas AEOI Portal Open 1 October 2025
The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration...
Elizabeth A. McMorrow
Oct 1
FATCA: IRS Public Key Expires 17 October 2025
The IRS announced the Public Key for FATCA filing will expire on October 17, 2025. For those financial institutions (FIs) who submit...
Elizabeth A. McMorrow
Sep 30
FATCA/CRS: UK New Mandatory Registration Regs
On September 26, 2025, the United Kingdom’s HMRC updated its International Exchange of Information Manual to include a new section on...
Elizabeth A. McMorrow
Sep 29
UK FATCA / CRS Updates
On August 5, 2025, the United Kingdom tax authority HMRC published an update to the International Exchange of Information Manual related...
Elizabeth A. McMorrow
Aug 6
Collections: Cash & Paper Trail
An incredibly frustrating aspect of business is providing a quality product or service to the customer and then not getting paid. You and...
Maureen McMorrow
Jul 29
Bahamas: Reporting Undocumented Accounts
On July 14, 2025, the Bahamas Competent Authority posted that effective immediately, Reporting Financial Institutions are required to...
Elizabeth A. McMorrow
Jul 23
FATCA/CRS: Cayman Islands Deadlines & Jurisdictions
On June 26, 2025, the Cayman Islands Department for International Tax Cooperation (DITC) announced the FATCA and Common Reporting...
Elizabeth A. McMorrow
Jun 26
Bahamas CRS Partner Activation List & Portal Dates
On June 4, 2024, the Bahamas Competent Authority posted the updated Common Reporting Standard (CRS) activation list for Y2024 reporting....
Elizabeth A. McMorrow
Jun 5
FATCA GIIN Timing Issues
Timing is everything in life and timing counts in obtaining a GIIN for FATCA. Poor timing can impact opening a bank account, submitting...
Elizabeth A. McMorrow
May 20
BVI Mandatory FATCA/CRS Portal Payment Finally Live
The previously announced British Virgin Islands International Tax Authority (BVI ITA) Financial Account Reporting System (BVIFARS)...
Elizabeth A. McMorrow
Apr 9
CTA Limited to Foreign Reporting Companies
The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule on Friday, March 21, 2025. The interim final rule removes...
Elizabeth A. McMorrow
Mar 24
Time to Check If Your U.S. Entity Was Stricken
Many companies with operations outside of the U.S. have a U.S. limited liability company (LLC) or U.S. corporation as part of their...
Elizabeth A. McMorrow
Mar 18
How to Access FATCA Messages
You registered your Financial Institution in the U.S. Internal Revenue Service (IRS) FATCA portal. You received a Global Intermediary...
Elizabeth A. McMorrow
Mar 17
End of CTA / BOI
End of CTA / BOI The U.S. Government issued the following press release last night (Sunday, March 2, 2025): Treasury Department Announces...
Elizabeth A. McMorrow
Mar 3
CTA Update: No Fines
Last night (February 27, 2025), the Financial Crimes Enforcement Network (FinCEN) announced it will not take any enforcement action...
Elizabeth A. McMorrow
Feb 28
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