New Guernsey FATCA/CRS Compliance Statement Requirement
The Guernsey Revenue Service announced Financial Institutions (FIs) must submit Common Reporting Standard (CRS) and FATCA Compliance...
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New Extension to Cayman CRS Compliance Form
The Department for International Tax Cooperation (DITC) announced the deadline for the first ever CRS Compliance Form is now September...
Are You Screening for Politically Exposed Persons?
For those not familiar with the U.S. Bank Secrecy Act, hearing the term Politically Exposed Person for the first time might conjure up...
BVI Portal Schedule Update
The British Virgin Islands (BVI) International Tax Authority (ITA) announced scheduled interruptions to its BVI Financial Account...
Cayman Portal Deadline & Penalties Update
The Cayman Islands Department for International Tax Cooperation (DITC) issued an Updates Bulletin dated December 10, 2020 with a number...
RO Certs Due December 15, 2020
The IRS issued a reminder today re: FATCA RO certifications. "For the certification period ending December 31, 2019 (generally entities...
Improved Muslim-Israel Relations & U.S. Antiboycott Compliance
In the midst of the U.S. Presidential campaign, came positive economic and diplomatic news as members of the Trump administration...
New Cayman Portal Finally Open
The Cayman Islands Department for International Tax Cooperation’s (DITC) new portal is now open. The DITC has also issued its 43-page...
Cayman FATCA/CRS Reporting Deadline December 16, 2020
The Cayman Islands Department for International Tax Cooperation (DITC) announced its new portal will open in early November 2020 and the...
Another Delay for Cayman FATCA/CRS Portal Launch
Recently the Cayman Islands launched its new website with the promise that the new portal would be launched in Q3 2020. However, the...
New Bahamas FATCA/CRS Extension
The Bahamas Competent Authority has announced an additional extension to FATCA/CRS reporting. Instead of closing the portal on September...
Bahamas Offline on September 19
The Bahamas FATCA/CRS portal will be offline for maintenance on Saturday September 19, 2020 from 4 AM to 1 PM EDT. The portal is...
Don’t Take My Passport Away!
We have learned many great techniques for communicating during COVID which may have been previously handled through international...
BVI Portal Is Live
The new BVI portal is back on line and open for FATCA and CRS reporting. The deadline for CRS (where extensions were previously granted...
FATCA: Mandatory Certification for GIIN Deregistration
The deregistration of an entity from the IRS FATCA portal may be necessary as a result of the sale, liquidation or other termination of...
New Cayman Website Launched
The Caymans has launched its new fresh looking website which covers: CRS, FATCA, Economic Substance, Exchange of Information, and CBCR....
That'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 –...
Perfect Internal Processes But Still at High Risk
FATCA 2014. CRS 2016. Your organization has studied the rules for these regimes and employees know exactly what needs to be done. You’re...
The Perils of File Hoarding
You may have seen the television show Hoarders and thought, “How could anyone get to that point of hoarding? Why can’t they see the...