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While we do not expect to see significant new areas of regulation being introduced in 2022, existing regulatory regimes will continue to develop.

On January 7, 2022, the European Commission adopted a draft regulation adding the Cayman Islands to its list of countries with strategic deficiencies in their AML/KYC regimes.

An update was released recently by the Cayman Islands Department of International Tax Cooperation in relation to the status of the Cayman Automated Exchange of Information Portal.

There is no doubt that the various regulatory changes we have seen in recent years have created a heightened administrative environment for SPV issuers and their investment managers.

Clients should note new W-8BEN-E forms have been issued by the IRS. They make clear the circumstances surrounding which GIIN to use when dealing with trustee-documented trusts.

We are pleased to report that the European Union (EU) announced on 6 October 2020 during a meeting of its Economic and Financial Affairs Council (ECOFIN) that it considers the Cayman...

Cayman Islands investment entities that have been classified as "Reporting Cayman Islands Financial Institutions" for purposes of FATCA should make every effort to enroll with the Cayman government...

In the Irish Tax Monitor in the latest issue of Finance Dublin, Andrew Quinn and William Fogarty share their insights on the Irish Finance Bill 2021

Further to our last update in relation to the extension of deadlines for both notification and reporting by Reporting Financial Institutions ("Reporting FIs") through the Cayman Islands AEOI Portal ("Portal"), the Department of International Tax Cooperation has issued a further advisory confirming the extension of the notification deadline to 29 May 2015 and the reporting (of US Reportable Accounts) to 26 June 2015.

All Cayman Financial Institutions (CFIs) must register with the Department of International Tax Cooperation for CRS (or vary their existing FATCA/UK CDOT registration) by 31 July 2017.

A reminder that the deadline for FIs to register and report to the Tax Information Authority is two weeks away.

Good news - the DITC in Cayman has extended the CRS reporting deadline to the end of August.

The Cayman Islands Department of International Tax Cooperation has extended the deadlines for Cayman Reporting Financial Institutions (RFIs) to provide notification and reporting and to the Tax Information Authority for U.S. FATCA Reportable Accounts.

On 7 December 2015 the Cayman Islands Tax Information Authority published a list of 95 participating jurisdictions pursuant to The Tax Information Authority (International Tax Compliance) (Common Reporting Standard) Regulations, 2015...

The registration deadline of 31 July, 2017 for both CRS and FATCA registrations has now passed. Financial Institutions that missed the deadline need to focus on completing their registration...

The Cayman Islands Department for International Tax Cooperation has announced updates regarding the AEOI regime.

With the 15 September deadline to appoint a designated US Partner Representative around the corner, do you know who your partnership will choose?