CRS & FATCA: Cayman Extends Registration Deadline
The Cayman Islands announced yesterday that it extended the deadline for Financial Institutions (FIs) to register in the Cayman Islands AEOI portal. Previously, the deadline was June 30, 2017. The deadline is now July 31, 2017.
Please note that it is necessary to register even if the FI has no reporting obligations. Additionally, even if the FI previously registered for FATCA and CDOT, it must update its registration to comply with Cayman Islands CRS requirements.
The Cayman Islands also updated its list of CRS Reportable Jurisdictions. Barbados, Curaçao, and Niue will now be Reportable Jurisdictions for reports due in 2018 onwards instead of 2017.