Cayman DITC Upcoming reporting deadlines for the 2019 and 2020 reporting period:
- 2019 and 2020 CRS Reporting due July 31, 2021
- 2019 and 2020 CRS Filing Declaration due July 31, 2021
- 2019 and 2020 FATCA Reporting due July 31, 2021
- 2019 and 2020 CRS Compliance Form Due September 15, 2021
The list of 2021 CRS Reportable Jurisdictions for Cayman can be found here:
The DITC Compliance Team identified certain areas where FIs may not have complied with CRS Regulations. The Team notes that noncompliance may result in an Administrative Penalty of up to $50,000 for a body corporate or $20,000, otherwise. Where applicable, criminal prosecution may be initiated by the Director of Public Prosecutions.
Please see the updated Bulletin for additional information.
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