Bermuda: Updated CRS compliance form guidelines
Updated guidelines are intended to help reporting financial institutions in preparing the compliance form
Updated CRS compliance form guidelines
The Bermuda Ministry of Finance issued updated common reporting standard (CRS) compliance certification form guidelines (version 3.0).
The updated guidelines are intended to help reporting financial institutions in preparing the compliance form. The updated information concerns:
- The due date for submissions
- Descriptions of account holder, reportable account, reportable jurisdiction person, and reportable person
- Guidance on trustee-documented trusts (TDTs)
Read a November 2021 report [PDF 579 KB] prepared by the KPMG member firm in Bermuda
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