US FATCA and CRS Update

The Department of International Tax Cooperation ("DITC") has issued an industry advisory confirming that the Automatic Exchange of Information Portal ("AEOI Portal") has reopened with revised documentation. AEOI Portal Open with New User Guide The Cayman Islands AEOI Portal is now open for FATCA and CRS notifications and reporting. The regulatory deadlines are:
  • 30 April 2018 for notifications (i.e. enrollment); and
  • 31 May 2018 for reporting for the 2017 calendar year.
The AEOI Portal has new functionality allowing users to make PPoC change requests, Authorising Person change requests and Financial Institution deactivations and there is a revised AEOI Portal User Guide. Click here for more.