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The Cayman Islands Government has not received a letter from UK Leader of the Opposition Ed Miliband regarding the Labour Party's intention, if it wins the UK election in May, to force the Overseas Territories and Crown Dependencies to implement public registers of beneficial ownership.

Algumas estruturas de fundos de investimentos utilizam o conceito de sponsoring entity para cumprir as regras de U.S. FATCA pelo qual a sponsoring entity concorda...

The notification obligation does not apply to a Non-reporting Financial Institution, i.e. a Financial Institution that is deemed compliant under US FATCA or UK FATCA.

In a manner similar to the US IRS, the DITC has also indicated that it will "take a soft approach to enforcement in the first year of FATCA compliance".

The Cayman Islands Government issued the second tranche of the Common Reporting Standard ("CRS") regulations at the end of December 2016.

Cayman Finance finds as unusual a recent decision by the Kingdom of the Netherlands to break from other European Union member states to "blacklist" 21 jurisdictions, including the Cayman Islands...

Cayman Finance CEO Jude Scott, in a letter to the Editor of the Washington Post, has challenged misconceptions in a recent commentary writter

The TIA has published new entity and individual self-certification forms which address the account holder disclosure requirements under each of CRS, UK and US FATCA.

The primary purpose of the Second Tranche is to ensure effective implementation of the Common Reporting Standard by the Cayman Islands as an early adopter of the CRS.

The industry advisory contains a link to the TIA's list of CRS participating jurisdictions which now numbers 96.

The Cayman Islands government, on October 20 2015, advised that the CRS regulations are now in force and are a key component of Cayman's implementation of automatic exchange of financial account information...

On 18 February 2020, the ECOFIN committee of the European Union resolved to move the Cayman Islands to the EU's Annex I list of non-cooperative jurisdictions for tax purposes.

There have been a number of recent amendments to the Common Reporting Standard (CRS) and FATCA reporting regimes in the Cayman Islands.

The Cayman Islands Government's recent announcement that Cayman has joined the initiative for the development of a global standard for the sharing of beneficial ownership information has been welcomed by Cayman Finance, saying that the move continues to reflect Cayman's highest standards of transparency.

I had talked about FATCA and AIFMD as part of my section of the presentation. However the next session had many more acronyms, including OECD CRS.

The Premier, the Hon. Alden McLaughlin; and the Minister of Financial Services, Wayne Panton

We previously published an article in March 2019 on the introduction of the International Tax Co-operation (Economic Substance) Act (2021 Revision) in Cayman ('ES Act'). Our 2019 article can be found here.