August 2017 Barbados Today

Speaking to the media today, ahead of a seminar to be held here next week on matters relating to FATCA, Common Reporting Standard (CRS) and de-risking, President and Chief Executive Officer of Foodman CPAs & Advisors Stanley Foodman said if Barbados failed to save its institutions from de-risking sectors of the economy could be “severely impacted”.

“It is an issue that can permeate and affect every sector of the Barbados economy and I think it is important to keep that in mind that it is probably the most unforeseen dangerous financial issue that has crept up behind FATCA,” Foodman said.