Guernsey Expounds on FATCA/CRS Enforcement Measures
On December 17, 2021, Guernsey Revenue Service issued a bulletin discussing compliance measures it may take against a Financial...
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Singapore Increased FATCA/CRS Penalties
Singapore recently increased the penalties for both FATCA and Common Reporting Standard (CRS) non-registration and non-filing offenses....
Bahamas FATCA/CRS Portal Open until January 14
The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal is now open for FATCA and CRS registration...
FATCA: IRS Public Key Expires December 3
The IRS announced the Public Key for FATCA filing will expire on December 3, 2021. For those financial institutions (FIs) who submit...
Guernsey FATCA & CRS: Onsite Visits & Independent Inspectors
On September 13, 2021, the Guernsey Revenue Service (GRS) posted FATCA and CRS legislative and regulatory changes stemming from the July...
The BWF Inspire Scholarship
I am a member of the Boston Women in Finance (BWF) Board of Directors and BWF is thrilled to announce the launch of its inaugural BWF...
Mauritius Increasing AML & International Tax Enforcement
The Mauritius Revenue Authority (MRA) held its annual press conference on September 3, 2021. Among the issues discussed were anti-money...
Mauritius Extends FATCA & CRS Deadline
The Mauritius Revenue Authority (MRA) announced the due date to submit FATCA and Common Reporting Standard (CRS) reporting to the MRA has...
IRS FFI Agreement Terminated. Now What?
If you missed the July 1 deadline for submitting a FATCA Responsible Officer (RO) Periodic Certification, the Internal Revenue Service...
Guernsey Issues FATCA/CRS Compliance Tips
Given that FATCA and CRS have been in place for several years, Financial Institutions (FIs) should be prepared for examinations and...
Isle of Man FATCA/CRS Penalties
The Isle of Man announced Financial Institutions (FIs) who miss the FATCA and CRS reporting deadline will be liable to an initial late...
Mauritius Alert: CRS Common Errors May Result in Penalties
The Mauritius Revenue Authority (MRA) recently issued two communiques regarding Common Reporting Standard (CRS) reporting errors and...
BVI FATCA & CRS Deadline Extended
The British Virgin Islands (BVI) International Tax Authority (ITA) announced its Common Reporting Standard (CRS) and FATCA reporting...
FATCA: No US TIN? Be Prepared to Report Why
Have you collected a U.S. tax identification number (TIN) from each of your U.S. account holders? If you were not able to, the U.S....
Bahamas Announces 2021 FATCA/CRS Portal Schedule
The Bahamas FATCA/CRS portal will open for registration and reporting on Monday, July 19, 2021 at 9 AM EDT. The portal will close for...
IRS, FATCA & the IDES of March
For those financial institutions (FIs) who submit their FATCA reporting directly to the U.S. Internal Revenue Service (IRS), the March...