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ARTICLE · 16 DECEMBER 2025

CRS 2.0: Cayman Implements Updated Reporting Regime From 2026

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The Cayman Islands has now implemented the OECD's "CRS 2.0" updates through the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations...

Cayman IslandsFinance and Banking
Jonathan McLean
Jonathan McLean
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The Cayman Islands has now implemented the OECD's "CRS 2.0" updates through the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2025, which will apply from 1 January 2026, with key reporting changes taking effect from 2027.

The amendments materially tighten data quality expectations, accelerate notification and reporting timelines and modernise the regime to address electronic money products, central bank digital currencies and crypto-assets. Cayman Financial Institutions should begin implementation planning in order to be compliant for the 2026 reporting year.

Key points for Cayman Financial Institutions

  • Governance and due diligence: Cayman Financial Institutions must maintain written policies and procedures that fully implement Sections II–VII of the Common Reporting Standard, including collecting a valid self-certification for new accounts on or before opening, subject only to a

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