fatca

British Virgin Islands, United States Sign FATCA Agreement

 Above: the British Virgin Islands By the Caribbean Journal staff The British Virgin Islands and the United States have officially signed an intergovernmental agreement relating to the latter’s FATCA act. The FATCA law requires, among other provisions, US citizens living …

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 …

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 …

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 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 …

 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. …

 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 …

 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. …

 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 …

 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 …

 By Ramesh SujananiOp-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 …

 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 …

 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 …

 By Ramesh SujananiOp-Ed Contributor Jamaica recently welcomed a new head of the FID, an organization which has much to do with cash, currencies and their movement in Jamaica, along with maintaining a liaison with overseas administrators of similar programmes. To …

 By David RoweOp-Ed Contributor Jamaican green card holders and US citizens resident in Jamaica should be aware of the FATCA statute. The Foreign Account Tax Compliance Act has been passed and will affect these two categories of individuals when it …