FATCA and Common Reporting Standard
Tax residency information we collect as a Cayman Islands bank
As a Cayman Islands licensed institution, Maritime Shore International Bank collects tax residency information for FATCA and the Common Reporting Standard (CRS). Accurate self-certification helps avoid payment holds and reporting errors.
You must tell us when your tax residency, tax identification numbers, or controlling person details change. Entity and trust accounts often need additional classifications and controlling person forms.
Keep records aligned with updating account information. Privacy handling is described under data protection and privacy.
- FATCA focuses on US tax reporting obligations for foreign financial institutions.
- CRS is a wider automatic exchange framework used by participating jurisdictions.
- Self-certification forms collect residency, TINs, and entity classifications.
- Controlling persons of certain entities must also be documented.
- Out-of-date forms can delay onboarding, payments, or account maintenance.
Related topics: Our Internet Banking service, Complaints, Data protection and privacy, Security and fraud prevention