UAE: Updated FATCA and CRS system FAQs The UAE Ministry of Finance issued updated FATCA and CRS system “frequently asked questions”. June 27, 2024 News British Virgin Islands: Webinar on CRS reporting and deregistration procedures for entities The International Tax Authority hosted a webinar fo...
FATCA/CRS is now part of the KYC – Know Your Customer requirement. It is just a time when they too start receiving FATCA/CRS notices. Banks are going step by step. First communicate obvious i.e. holders of NRO/NRE and then contact others. By end of 2016, they would have received th...