Category: Compliance

Cayman Islands CRS FATCA upcoming filing deadlines, compliance dates and CRS Enforcement Guidelines

30 June 202220 June 2022

A key requirement related to the Automatic Exchange of Information (AEOI) regime which includes CRS and FATCA, is the annual reporting requirement of reportable accounts. Entities that are classified as FIs under CRS and FATCA must file their annual report before the 31 July 2022 deadline.

Are your entities compliant?

20 June 202226 May 2022

The Cayman Islands Monetary Authority (CIMA) has recently imposed USD365,000 in administrative fines on an asset manager for breaches of the AML Regulations, serving as a timely reminder on the value of effective compliance and the importance of registered entities having effective anti-money laundering policies and procedures in place.