CRS Regulations Issued – What Bermuda Reporting Financial Institutions Need to Know
The Bermuda Government has issued the highly anticipated Common Reporting Standard (CRS) Regulations setting out the CRS obligations that Bermuda Reporting Financial Institutions must comply with.
Stephanie P. Sanderson highlights key changes introduced by the CRS Regulations that Bermuda Reporting Financial Institutions should take note of, provides reminders of existing obligations, and outlines the next steps for Bermuda Reporting Financial Institutions in this important CRS bulletin.