Elizabeth A. McMorrow
Jan 26, 2023
FinCEN Alert: U.S. Real Estate Investments by Sanctioned Russians
On January 25, 2023, FinCEN issued an alert regarding potential investments in the U.S. commercial real estate (CRE) sector by sanctioned...
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Elizabeth A. McMorrow
Jan 18, 2023
Elizabeth A. McMorrow
Jan 16, 2023
FATCA: IRS Gives FFIs US TIN Reprieve
The U.S. Internal Revenue Service (IRS) recently issued Notice 2023-11 which will be in Internal Revenue Bulletin (IRB) 2023-3, dated...
Elizabeth A. McMorrow
Jan 16, 2023
CRS: Updated UK Reportable Jurisdictions
On January 5, 2023, the United Kingdom HM Revenue & Customs (UK HMRC) updated the list of reportable jurisdictions in its International...
Elizabeth A. McMorrow
Dec 26, 2022
FinCEN Published Proposed Beneficial Owner Information Access Rule
On December 16, 2022, the Financial Crimes Enforcement Network (FinCEN) published in the Federal Register the preliminary rules to...
Elizabeth A. McMorrow
Dec 23, 2022
Singapore Updated FATCA Reporting Form
On December 20, 2022, the Inland Revenue Authority of Singapore (IRAS) updated its FATCA Fillable PDF Form. Specifically, IRAS updated...
Elizabeth A. McMorrow
Dec 22, 2022
Is Anyone at the IRS Reinstating GIINs?
Financial Institutions (FIs) around the world find themselves with terminated FATCA accounts. As a result their Global Intermediary...
Elizabeth A. McMorrow
Nov 28, 2022
FATCA Registration of Sponsored Closely-Held Investment Vehicles
In October 2022, the Internal Revenue Service (IRS) issued a notice regarding the removal of Sponsored Entities from the IRS Foreign...
Elizabeth A. McMorrow
Oct 29, 2022
BVI FATCA/CRS Registration Fee Starts in 2023
On October 27, 2022, the British Virgin Islands International Tax Authority (BVI ITA) announced the US$185.00 portal registration fee...
Elizabeth A. McMorrow
Oct 29, 2022
Bahamas Announces Upcoming FATCA/CRS Portal Dates
The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration...
Elizabeth A. McMorrow
Sep 29, 2022
FinCEN Announces Beneficial Ownership Reporting Deadlines
On September 29, 2022, the Financial Crimes Enforcement Network (FinCEN) issued a final rule establishing a beneficial ownership...
Elizabeth A. McMorrow
Sep 29, 2022
FATCA: IRS Public Key Expires October 14
The IRS announced the Public Key for FATCA filing will expire on October 14, 2022. For those financial institutions (FIs) who submit...
Elizabeth A. McMorrow
Sep 22, 2022
Join Me Live or Virtually in Sioux Falls October 6 & 7
The South Dakota Trust Association is hosting its sixth annual Fall Forum on October 6 & October 7, 2022 at Sioux Falls Convention...
Elizabeth A. McMorrow
Sep 12, 2022
BVI Primary User Must Have A Permanent Position Within FI
The British Virgin Islands (BVI) International Tax Authority (ITA) recently reminded Financial Institutions (FIs) that the BVI Mutual...
Elizabeth A. McMorrow
Sep 11, 2022
FinCEN Looking Toward Digital IDs
On September 7, 2022, Jimmy Kirby, Acting Deputy Director of the Financial Crimes Enforcement Network (FinCEN) spoke at the 2022 Federal...
Elizabeth A. McMorrow
Aug 4, 2022
Elizabeth A. McMorrow
Jul 29, 2022
BVI Makes CRS P&Ps A Legal Requirement
The British Virgin Islands (BVI) International Tax Authority (ITA) recently announced legislative amendments which require a Financial...
Elizabeth A. McMorrow
Jul 11, 2022
Elizabeth A. McMorrow
Jul 6, 2022
U.S. Financial Agencies Issue Joint Statement on Customer Risk
On July 6, 2022, five U.S. agencies responsible for various aspects of the U.S. financial industry issued a "Joint Statement on the...
Elizabeth A. McMorrow
Jul 1, 2022
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