New Director at FinCEN
The U.S. Financial Crimes Enforcement Network (FinCEN) announced Andrea Gacki as the new director on July 13, 2023. FinCEN is the part of...
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M&A Checklist: Add FATCA GIIN Assignment/Deregistration
While your colleagues are making their way through a complex list of to dos on the sale of a subsidiary or of a multi-tiered structure,...
BVI FATCA CRS Portal Fee Update
The British Virgin Islands International Tax Authority (BVI ITA) provided an update regarding the US$185.00 portal registration fee. The...
CRS: New UK Guidance Re: Reportable Jurisdictions
On May 2, 2023, the United Kingdom HM Revenue & Customs (UK HMRC) announced changes to its list of Common Reporting Standard (CRS)...
FinCEN Discusses Updates to CTA / BO Registry
On April 27, 2023, the Acting Director of the Financial Crimes Enforcement Network (FinCEN) provided the U.S. House of Representatives...
Kingdom Trust Hit with $1.5 Million Penalty by FinCEN
On April 26, 2023, the U.S. Financial Crimes Enforcement Network (FinCEN) announced it assessed a $1.5 million civil money penalty on...
Cayman FATCA & CRS Deadlines and CRS Jurisdictions
On April 5, 2023, the Cayman Islands Department for International Tax Cooperation (DITC) announced the FATCA and Common Reporting...
Bahamas Announces FATCA/CRS 2023 Portal Dates
The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration...
Guernsey FATCA & CRS Updates
Guernsey Revenue Service issued a bulletin covering upcoming FATCA and Common Reporting Standard (CRS) deadlines and requirements....
IRS FATCA TIN Codes for Y2022 Reporting
The U.S. Internal Revenue Service (IRS) updated the tax identification number (TIN) codes to be used in Y2022 FATCA reporting when...
BVI FATCA & CRS Deadlines
The British Virgin Islands (BVI) International Tax Authority (ITA) announced its FATCA and Common Reporting Standard (CRS) reporting...
FinCEN Alert: U.S. Real Estate Investments by Sanctioned Russians
On January 25, 2023, FinCEN issued an alert regarding potential investments in the U.S. commercial real estate (CRE) sector by sanctioned...
FATCA: IRS Gives FFIs US TIN Reprieve
The U.S. Internal Revenue Service (IRS) recently issued Notice 2023-11 which will be in Internal Revenue Bulletin (IRB) 2023-3, dated...
CRS: Updated UK Reportable Jurisdictions
On January 5, 2023, the United Kingdom HM Revenue & Customs (UK HMRC) updated the list of reportable jurisdictions in its International...
FinCEN Published Proposed Beneficial Owner Information Access Rule
On December 16, 2022, the Financial Crimes Enforcement Network (FinCEN) published in the Federal Register the preliminary rules to...
Singapore Updated FATCA Reporting Form
On December 20, 2022, the Inland Revenue Authority of Singapore (IRAS) updated its FATCA Fillable PDF Form. Specifically, IRAS updated...
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