August 17, 2018

The Bahamas issued revised CRS Guidance Notes on August 3, 2018.  Included in the revisions is a change in the definition of Controlling Person.  The Bahamas will now use a 10% threshold for CRS reporting commencing in 2019.

Controlling Person Defined

The Bahamas...

August 7, 2018

To comply with FATCA regulations, each Sponsored Entity must enter into a written agreement with its Sponsoring Entity.  The Sponsoring Entity’s Responsible Officer is required to certify to the IRS that this agreement is in place.

Sponsored & Sponsoring Entities Defin...

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