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 â...
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. Youâre...
Elizabeth A. McMorrowJul 16, 2020The Perils of File HoardingYou may have seen the television show Hoarders and thought, âHow could anyone get to that point of hoarding? Why canât they see the...
Elizabeth McMorrowJun 27, 2020Does CRS/FATCA Controlling Person Reporting Violate Privacy Law?Despite the United Kingdom's Information Commissionerâs Office (ICO) recent decision, elements of FATCA and CRS reporting may violate...
Elizabeth A. McMorrowJun 9, 2020Roll the Dice v Corruption Risk ResearchThere are a number of factors to consider when selecting the site for a foreign office not least of which is researching the level of...
Elizabeth McMorrowJun 7, 2020Join Me June 17 for #WebinarWednesdayJoin me on June 17, 2020 at 10 AM ET for #WebinarWednesday when I will discuss: What Does Controlling Person Mean for the Unsuspecting...
Elizabeth McMorrowMay 27, 2020CRS & FATCA: Guernsey, Isle of Man, Bermuda ExtensionsGuernsey Guernsey announced it has extended both the FATCA and CRS reporting deadlines to September 30, 2020. However, Guernsey made...
Elizabeth McMorrowMay 14, 2020Mauritius Matches up CRS & FATCA ExtensionsThe Mauritius Revenue Authority (MRA) announced today the due date to submit CRS reporting to the MRA has been extended from July 31,...
Elizabeth McMorrowMay 12, 2020UK FATCA & CRS Deadline UpdateThe United Kingdomâs tax authority (HMRC) issued an update today regarding the deadline for CRS and FATCA Y2019 reporting. The normal...
Elizabeth McMorrowMay 7, 2020FATCA & CRS: Bahamas Announces 2020 DeadlinesThe Bahamas tax authority announced that its AEOI portal will open for registration and reporting on Monday, August 17, 2020 at 9 AM EDT....
Elizabeth McMorrowMay 6, 2020No Policies & Procedures Could Cost You US$100KMany tax authorities around the world have slowed down due to the pandemic but the British Virgin Islands International Tax Authority...
Elizabeth McMorrowMay 5, 2020Low-Tech Steps for Hi-Tech RisksImagine for a moment that it was possible to save time, money, aggravation and business reputation without spending a nickel (thatâs 4...
Elizabeth McMorrowMay 1, 2020Cayman Extends CRS to Match FATCA ExtensionThe Cayman Islands previously extended the deadline for Y2019 FATCA reporting to November 16, 2020. Cayman Islands Department for...
Elizabeth McMorrowApr 29, 2020IRS Extends FATCA RO Certification DeadlineThe IRS announced today that it is granting an automatic extension of time to submit FATCA Responsible Officer (RO) certifications for an...
Elizabeth McMorrowApr 28, 2020Mauritius Extends FATCA DeadlineThe Mauritius Revenue Authority (MRA) announced today the due date to submit FATCA reporting to the MRA has been extended from July 31,...
Elizabeth McMorrowApr 16, 2020FATCA (But Not CRS) Cayman Deadline Extended to November 16, 2020The Cayman Islands announced the deadline for Y2019 FATCA reporting has been extended to November 16, 2020. However, the deadline for CRS...
Elizabeth McMorrowMar 25, 2020FATCA: IRS Deadline Extension to July 15, 2020The IRS announced that it is providing an automatic extension from March 31, 2020 to July 15, 2020 for Reporting Model 2 FFIs and...
