The Cayman Islands has opened its AEOI Portal for CRS and FATCA notification and reporting. In addition, a new portal user guide has been released. The guide provides assistance with both the notification and reporting requirements. Reporting Financial Institutions should keep in mind that there will be no CDOT functionality on the portal for this year. Instead, FIs will be required to use the CRS upload to complete its CDOT reporting obligations. In addition, FIs will need to register for CRS reporting, even if the FI is already registered on the portal. The user guide provides instructions on how to complete this process, which is referred to as creating a “variation in reporting obligations.”
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