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The Central Bank of Bahrain (CBB) issued circular OG/144/2019 on 24 March 2019 announcing:

  • FATCA and CRS reporting for the year ending 31 December 2018 starts on 1 April 2019 through the CBB’s AEOI portal
  • Reports must be submitted by 2 May 2019
  • FATCA and CRS report submission deadlines from now on will be 2 May every year
  • There are 60 reportable CRS jurisdictions* for the year ending 31 December 2018
  • Reporting financial institutions (RFIs) must comply with CBB requirements, ensuring information is accurate and complete
  • Delays in submission will be penalised
  • Please refer to the CRS standards for CRS compliance guidelines

Please refer to the IGA for FATCA compliance guidance.

For more details on both these updates, please click here or contact:

Dr Mukund Ballal

Advisor – Financial Regulatory Compliance

T +973 1720 6813

mukund.ballal@keypoint.com

 

 

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