January 21, 2020

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....

January 11, 2020

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...

January 6, 2020

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...

December 20, 2019

Whether it’s assessing a new foreign grantor trust client, setting up a new foreign biotech manufacturing plant or soliciting funds for a private equity investment in an offshore business, a risk assessment must be made regarding the foreign jurisdiction.  If you haven...

December 16, 2019

Dorothy M. Brown, resident of Framingham, MA and nearly life-long resident of Brooklyn died on November 26, 2019 at the age of 112 years.  She was the oldest living person in Massachusetts and the tenth oldest living person in the U.S.

Dorothy was born on May 1, 1907 in...

November 22, 2019

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...

November 20, 2019

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...

October 24, 2019

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...

October 10, 2019

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...

October 9, 2019

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


End of IDES


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

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