Share on LinkedInShare on LinkedIn

ARTICLE · 22 SEPTEMBER 2014

Guernsey Issues Regulations To Implement FATCA-Based Reporting

Carey Olsen
Carey Olsen
Contributor
Carey Olsen

Carey Olsen

With a heritage that dates back to 1898, Carey Olsen is one of the most established and...

View firm profile
Explore more from Carey Olsen

Guernsey has published regulations to implement and enable the administration and enforcement of the intergovernmental agreements entered into with the UK and the U.S.

GuernseyTax
Konrad Friedlaender
Konrad Friedlaender
Laila Arstall
Laila Arstall
Author LinkedIn connections

Guernsey has published regulations to implement and enable the administration and enforcement under Guernsey domestic law of the intergovernmental agreements entered into with the UK on 22 October 2013 (the "UK-Guernsey IGA") and with the United States of America on 13 December 2013 (the "US-Guernsey IGA"). The UK-Guernsey IGA and the US-Guernsey IGA are together referred to as "IGAs" and each as an "IGA".

The regulations will be of direct interest to financial institutions that are resident in Guernsey for the purposes of compliance with the IGAs as well as non-resident financial institutions that have a permanent establishment located in Guernsey through which they conduct a business of a financial institution.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Guernsey Corporate Tax Reform 2026: Key Proposals, Impacts And Strategic Insights For Guernsey's International Financial Sector

Guernsey has published comprehensive tax reform proposals for 2026 that deliberately protect its international financial sector while addressing the Island's structural deficit. The package includes targeted extensions to the 10% corporate tax rate, introduction of a 3% GST with an International Service Entity exemption scheme, and modest increases to registration fees - all designed to raise £62 million annually while preserving the jurisdiction's competitive advantage for investment funds, internatio
GuernseyTax
Carey Olsen
Carey Olsen
Article

Cayman Islands Investment Funds - Summer 2026 Update

The Cayman Islands investment funds sector continues to evolve with significant regulatory updates affecting reporting requirements and the introduction of a new framework for tokenised funds. Key changes include modifications to Common Reporting Standards and Economic Substance filing procedures, alongside the implementation of legislation enabling digital token representation of fund interests.
Cayman IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

New CIMA AML Rule And Sanctions Rule: What Regulated Funds Need To Consider

New CIMA Rules effective September 2026 will transform anti-money laundering and sanctions compliance for Cayman Islands investment funds, elevating previous guidance to directly enforceable requirements. Fund governing bodies face enhanced responsibilities including mandatory annual AML training, independent audit requirements, and stricter AMLCO independence standards. Understanding these practical implications and preparing appropriate compliance frameworks will be essential for funds and their service p
Cayman IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

Guernsey Corporate Tax Reform 2026: Key Proposals, Impacts And Strategic Insights For Guernsey's International Financial Sector

Guernsey has published comprehensive tax reform proposals for 2026 that deliberately protect its international financial sector while addressing the Island's structural deficit. The package includes targeted extensions to the 10% corporate tax rate, introduction of a 3% GST with an International Service Entity exemption scheme, and modest increases to registration fees - all designed to raise £62 million annually while preserving the jurisdiction's competitive advantage for investment funds, internatio
GuernseyTax
Carey Olsen
Carey Olsen
Article

British Virgin Islands Digital Assets - October 2026 Update

The British Virgin Islands is advancing its position in the digital assets space through the implementation of CRS 2.0 and progress towards CARF, while single-asset, closed-ended vehicles are gaining traction for tokenised funds and blockchain projects. These regulatory developments and structural innovations are reshaping how crypto assets and real world asset tokenisation projects can be efficiently structured in this jurisdiction.
British Virgin IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

New CIMA AML Rule And Sanctions Rule: What Regulated Entities Need To Consider

The Cayman Islands Monetary Authority has introduced new enforceable Rules on anti-money laundering and sanctions compliance, effective September 18, 2026. These Rules transform previous guidance into directly enforceable requirements, establishing clear obligations for regulated entities including mandatory annual training for governing bodies, independent audit requirements, and enhanced AMLCO independence standards.
Cayman IslandsCorporate/Commercial Law
Carey Olsen
Carey Olsen