Antigua and Barbuda: Circular on remediation of pre-existing accounts under CRS
Guidance to reporting financial institutions on the remediation of pre-existing accounts under the CRS.
The Inland Revenue Department (IRD) of Antigua and Barbuda on July 17, 2026, issued Circular No. 10 of 2026, providing guidance to reporting financial institutions on the remediation of pre-existing accounts under the CRS. Key updates include:
- Self-certifications not required for all pre-existing accounts
- Customer outreach should be targeted to unresolved accounts
- Recommended remediation approach
- Reasonableness test for self-certifications
- Continued supervisory focus on CRS remediation
Read a July 2026 report prepared by the KPMG member firm in the Eastern Caribbean