Jamaican bankers and financial stakeholders lobbying the Jamaican government to take on a US tax compliance rule, which require them to release client information to American authorities, have gone regional.
But firms are still not clear how they will comply with the extra-territorial law and not break local privacy laws, while the state doesn’t yet know how it can intervene.
The Caribbean Association of Banks took a position paper to the Caribbean Community (CARICOM) back in June,
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