BEWARE ANOTHER FATCA? Barbados is a signatory to the automatic exchange of information agreement under the Multilateral Competent Authority.

In speaking to the media International Business Minister Donville Inniss stated that “As we did with the Foreign Account Tax Compliance Act (FATCA) to the United States of America, I would have signed a government agreement on behalf of the Government and people of Barbados but you still need a specific entity to be the Competent Authority”

http://businessbarbados.com/press-releases/regulating-providers-corporate-trust-services/