Category: FATCA

CAB Connects With UN FACTI

Castries, Saint Lucia, Thursday, July 23rd 2020: The Caribbean Association of Banks (CAB) Inc. was on Thursday, July 23rd 2020 offered the opportunity to engage in dialogue with the United Nations High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (UN FACTI Panel). Led by chairperson, Mr. Dalton Lee, the recognised voice for the Caribbean banking and financial services sector addressed panelists on the issues and challenges affecting the industry in the region. The 75-minute…

Proposed Sale of Canadian Banks in the Caribbean Under Review

Saint Kitts and Nevis, Friday, February 21st, 2020: Governor Timothy Antoine of the Eastern Caribbean Central Bank (ECCB) has confirmed that his organisation is reviewing applications for the intended sale of banking assets within the Eastern Caribbean Currency Union (ECCU) jurisdiction. Governor Antoine spoke at a press briefing on Friday 14 February 2020, following the 95th Meeting of the ECCU Monetary Council at ECCB headquarters in Basseterre, St. Kitts and Nevis. In November 2019, Canadian Imperial Bank of Commerce declared…

Correspondent Banking and De-risking Discussed as CARICOM Meets with Chair of US Financial Services Committee

Chairman of the Caribbean Community (CARICOM) and Prime Minister of Saint Lucia,¬† Honourable Allen Chastanet, yesterday (Wednesday) attended a meeting in Washington, D.C. hosted by Congresswoman Maxine Waters, Chair of the United States House of Representatives Financial Services Committee.¬† The purpose of the meeting was a discussion on financial services and specifically correspondent banking that featured senior executives from financial institutions in the U.S.A. doing business in the Caribbean region. Also in attendance were Secretary-General of CARICOM, Ambassador H.E. Irwin…

FATCA

FACTA IGA Global Update as of February 16th 2016 FATCA¬†IGA Global Summary FACTA Update May 15th 2015 IRS FATCA Foreign Financial Institution (FFI) List ‚Äď Search & Download Tool FATCA Update¬†22nd January 2016¬†–¬†IGA Global Summary Document (Deloitte) FATCA¬†IGA Global Summary FACTA Update December¬†24th¬†2015 –¬†IRS releases 2015 Form 8966 and instructions IRS releases 2015 Form 8966 and instructions FACTA Update May 15th¬†2015 IRS FATCA Foreign Financial Institution (FFI) List ‚Äď Search & Download Tool FATCA Update¬†January 19th¬†2015 Member FATCA Reporting Requirements…