Update Your Subscription Documents – FATCA and CRS

The Cayman Islands Tax Information Authority advised yesterday that it will allow Cayman Islands Financial Institutions to rely on CRS due diligence procedures for new accounts opened on or after 1 January 2016 to identify specified/reportable persons for the purposes of UK FATCA and CRS reporting. This means that, provided CRS compliant self-certification forms are provided to and returned by

FULL ARTICLE http://www.lexology.com/library/detail.aspx?g=ca92104a-3ff1-4e36-b7b8-213a76f56dc4

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