Elizabeth A. McMorrow2 days agoAre You Screening for Politically Exposed Persons?I am excited to be a frequent contributor to the Boston Women in Finance (BWF) blog. Keep an eye out for my monthly posts. I highly recom...
Elizabeth A. McMorrowDec 29, 2020BVI Portal Schedule UpdateThe British Virgin Islands (BVI) International Tax Authority (ITA) announced scheduled interruptions to its BVI Financial Account Reporti...
Elizabeth A. McMorrowDec 13, 2020Cayman Portal Deadline & Penalties UpdateThe Cayman Islands Department for International Tax Cooperation (DITC) issued an Updates Bulletin dated December 10, 2020 with a number o...
Elizabeth A. McMorrowDec 8, 2020RO Certs Due December 15, 2020The IRS issued a reminder today re: FATCA RO certifications. "For the certification period ending December 31, 2019 (generally entities t...
Elizabeth A. McMorrowNov 11, 2020Improved Muslim-Israel Relations & U.S. Antiboycott ComplianceIn the midst of the U.S. Presidential campaign, came positive economic and diplomatic news as members of the Trump administration brokere...
Elizabeth A. McMorrowNov 8, 2020New Cayman Portal Finally OpenThe Cayman Islands Department for International Tax Cooperation’s (DITC) new portal is now open. The DITC has also issued its 43-page DIT...
Elizabeth A. McMorrowNov 4, 2020Cayman FATCA/CRS Reporting Deadline December 16, 2020The Cayman Islands Department for International Tax Cooperation (DITC) announced its new portal will open in early November 2020 and the ...
Elizabeth A. McMorrowSep 25, 2020Another Delay for Cayman FATCA/CRS Portal LaunchRecently the Cayman Islands launched its new website with the promise that the new portal would be launched in Q3 2020. However, the Caym...
Elizabeth A. McMorrowSep 24, 2020New Bahamas FATCA/CRS ExtensionThe Bahamas Competent Authority has announced an additional extension to FATCA/CRS reporting. Instead of closing the portal on September ...
Elizabeth A. McMorrowSep 15, 2020Bahamas Offline on September 19The Bahamas FATCA/CRS portal will be offline for maintenance on Saturday September 19, 2020 from 4 AM to 1 PM EDT. The portal is schedule...
Elizabeth A. McMorrowSep 10, 2020Don’t Take My Passport Away!We have learned many great techniques for communicating during COVID which may have been previously handled through international busines...
Elizabeth A. McMorrowSep 2, 2020BVI Portal Is LiveThe new BVI portal is back on line and open for FATCA and CRS reporting. The deadline for CRS (where extensions were previously granted u...
Elizabeth A. McMorrowAug 26, 2020FATCA: Mandatory Certification for GIIN DeregistrationThe deregistration of an entity from the IRS FATCA portal may be necessary as a result of the sale, liquidation or other termination of a...
Elizabeth A. McMorrowAug 24, 2020New Cayman Website LaunchedThe Caymans has launched its new fresh looking website which covers: CRS, FATCA, Economic Substance, Exchange of Information, and CBCR. N...
Elizabeth A. McMorrowAug 12, 2020That's a SAR Not a SAR!In the world of acronyms, nothing is more frustrating than the use of the same acronym for two completely different action items – especi...
Elizabeth McMorrowJul 22, 2020Perfect Internal Processes But Still at High RiskFATCA 2014. CRS 2016. Your organization has studied the rules for these regimes and employees know exactly what needs to be done. You’re ...
Elizabeth A. McMorrowJul 16, 2020The Perils of File HoardingYou may have seen the television show Hoarders and thought, “How could anyone get to that point of hoarding? Why can’t they see the damag...
Elizabeth McMorrowJun 27, 2020Does CRS/FATCA Controlling Person Reporting Violate Privacy Law?Despite the United Kingdom's Information Commissioner’s Office (ICO) recent decision, elements of FATCA and CRS reporting may violate loc...