Cayman AEOI: What Investment Managers Need To Know About FATCA And CRS Reporting

Automatic Exchange of Information ("AEOI") encompasses due diligence and regulatory reporting requirements under the Foreign Account Tax Compliance Act ("FATCA") and the Common Reporting Standard ("CRS"). AEOI puts a structure in place requiring Financial Institutions ("FIs") to share key financial data to aid in efforts to stamp out global tax evasion.

While these efforts play a vital role in stanching the funding of international crimes and illicit activities, compliance with AEOI may create an increased administrative burden. The Maples Group has deep experience in providing up-to-the-minute legal advice and financial services solutions that support compliance with regulatory requirements under AEOI.