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Caribbean Cruise

Disney Cruise Line Is Coming to the Dominican Republic

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Disney Cruise Line is set to make its debut in the Dominican Republic, with confirmed arrivals scheduled for Puerto Plata between November and December, according to Dominican Port Authority (Apordom) executive director Jean Luis Rodríguez. The news marks a notable milestone for the country’s fast-growing cruise sector — and another sign of Puerto Plata’s rising […]

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Grenada, United States Come to Agreement on FATCA Law

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada and the United States have reached an inter-governmental agreement under the latter’s Foreign Account Tax Compliance Act, the Grenadian government announced Monday. Grenada’s government said it completed the negotiation of a model 1 inter-governmental agreement on June 16 to enable FATCA compliance. The agreement requires […]

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British Virgin Islands, US Close to Signing FATCA Agreement

Above: the British Virgin Islands By the Caribbean Journal staff The British Virgin Islands and the United States are close to signing an agreement on implementing the US’ Foreign Account Tax Compliance Act financial law (FATCA). Last week, the two sides concluded their talks on the agreement, initialing the final text of an agreement. In […]

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Bermuda, US Sign FATCA Agreement

Above: Bermuda By the Caribbean Journal staff The governments of Bermuda and the United States have signed an agreement on the US’ Foreign Account Compliance Act Regulations. The deal, which is a model two intergovernmental agreement, was signed by US Consul General in Bermuda Robert Settje and Bermuda Finance Minister Bob Richards. FATCA is a […]


British Virgin Islands, US Close to Signing FATCA Agreement

Above: the US Treasury Department in Washington By the Caribbean Journal staff The Cayman Islands and the United States have signed an agreement that will pave the way for the automatic exchange of tax information under the US’ FATCA law. Cayman has signed a so-called Model 1 Intergovernmental Agreement, meaning financial institutions in Cayman can […]

Barbados Eyes Inter-Governmental Agreement With US on FATCA

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados has signaled its intention to the United States of concluding a reciprocal Inter-Governmental Agreement to apply to the US’ Foreign Account Tax Compliance Act, Prime Minister Freundel Stuart said Thursday. The Prime Minister said Barbados was “aware that an atmosphere of certainty was needed for […]

Cayman Islands, United Kingdom Sign "FATCA-Type" Agreement

Above: UK and Cayman Islands officials (Photo: Ministry of Financial Services) By the Caribbean Journal staff The Cayman Islands and the United Kingdom signed what the former called a “FATCA-type” agreement on Tuesday. The agreement paves the way for Cayman to “automatically share financial information with the UK on UK taxpayers who hold Cayman Islands […]

Cayman Islands, United States Conclude Talks on FATCA Law

Above: Georgetown (CJ Photo) By the Caribbean Journal staff The Cayman Islands and the United States have concluded talks on an intergovernmental agreement and a new tax information exchange agreement. Both pave the way for an automatic exchange of information under the US’ new Foreign Account Tax Compliance Act. A Cayman Islands government statement said […]

Jamaica PM Urges Caribbean Banks to Meet International Standards

Above: Jamaica Prime Minister Portia Simpson Miller By the Caribbean Journal staff Caribbean banks must consistently adhere to international standards, according to Jamaica Prime Minister Portia Simpson Miller. The PM was making the call in an address to more than 200 delegates at the 39th Annual General Meeting and Conference of the Caribbean Association of […]

Trinidad Finance Minister: Requirements of US FATCA Law "Onerous"

Above: Trinidad Finance Minister Larry Howai (Photo: MF Trinidad) By the Caribbean Journal staff Trinidad and Tobago Finance and Economy Minister Larry Howai is describing legislation being introduced by the United States on foreign financial institutions as “onerous.” The Foreign Account Tax Compliance Act (FATCA) will go into effect in 2013, and a number of […]

Op-Ed: Iniquitous Legislation in Jamaica

By Ramesh Sujanani Op-Ed Contributor There was a recent seminar in which the head of Jamaica’s FID (Financial Investigation Division) outlined the purpose of some new acts in process of legislation: namely, AML, POCA, FATCA, ARA (Money Laundering Act, Proceeds of Crimes Act, Foreign Asset Tax Compliance, Asset Recovery Agency, which are all relate to […]

Cayman Islands Government, Private Sector Prepare for US FATCA Law

Above: Georgetown (CJ Photo) By the Caribbean Journal staff The government of the Cayman Islands and the territory’s private sector are working to prepare for the implementation of the United States’ Foreign Account Tax Compliance Act. Cayman currently has a task force evaluating the suitability of a government-to-government reporting arrangement with the United States, and […]

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