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Automatic Exchange of Information (“AEOI”) is an integral part of the global platform on fighting tax evasion. The AEOI regulatory framework entails cross-jurisdictional sharing of key data in relation to client financial accounts and transactions. AEOI encompasses the US Foreign Account Tax Compliance Act (“FATCA”) and the OECD’s Common Reporting Standard (“CRS”) frameworks and requires due diligence efforts as well as reporting.

Premier and Minister for Financial Services and Commerce, the Hon André Ebanks shared an update this morning from his engagement tour in Asia, following a successful first leg in Hong Kong.

The Cayman Islands Grand Court has dismissed a US$1.4 billion appraisal claim following 58.com's management-led take-private transaction, confirming the merger price of US$56 per ADS as fair value.