Cayman Islands Issues 3rd Version of CRS Enforcement Guidelines
In July 2022, the Cayman Islands Tax Information Authority (TIA) issued Version 1.2 of its CRS Enforcement Guidelines which replaces the previous Versions 1.0 and 1.1. The TIA stated its compliance monitoring and enforcement function objective is to ensure FIs comply with their CRS obligations so that complete and accurate information is collected, reported and ultimately exchanged with relevant authorities of Reportable Jurisdictions. The Guidelines document covers the foll