All Cayman Islands entities classified as Financial Institutions (FIs) under CRS* that have a reporting obligation must file the CRS Compliance Form using the online DITC portal. Failure to file the CRS Compliance Form by the deadline could result in an administrative fine or penalty.
To assist with the completion and submission of the CRS Compliance Form, the DITC have published FAQs on their website. In addition. Appleby and the DITC have also published CRS Enforcement Guidelines that are available here and here and the general DITC CRS Guidelines that are available here.
How can Appleby and Appleby Global Services help?
If Appleby Global Services (AGS) are providing FATCA/CRS compliance services, they can assist in the completion and submission of the CRS Compliance Form with the DITC.
If you require assistance with completing and submitting your CRS Compliance Form, please reach out to AGS or a member of Appleby’s Regulatory Team below. Should you require legal advice in relation to any such matters, contact: Sheila Crosby, Menelik Miller or Miriam Smyth or your usual Appleby contact.
*and trustee documented trusts
For further information please contact:
David Bulley, Managing Partner, Appleby