AEOI - Automatic Exchange of Information

The end of global bank secrecy and privacy protection

97 jurisdictions have commited to introduce a new standard of automatic data exchange of bank account data effectively eliminating bank secrecy and privacy protection.

The hunt on 1/3 of the global wealth hiding in offshore jurisdictions and 50% of the global trade transaction has started officially with 2016 as the first year of annual reports.​

The latest news on the AEOI Implementation

Global Forum on tax transparency pushes forward international co-operation against tax evasion
30/10/2015 – Major implementation milestones are being met by members of the world’s leading forum on tax transparency as the[...]
Andorra takes key step in reaffirming its commitment to implement Automatic Exchange of Financial Account Information
3/12/2015 - Andorra today signed the Multilateral Competent Authority Agreement, marking a crucial step forward in its commitment to implement[...]
Monaco confirms its commitment to implement Automatic Exchange of Financial Account Information
15/12/2015 - Monaco today signed the Multilateral Competent Authority Agreement, which confirms its commitment to implement automatic exchange of financial[...]
China takes important step to boost international co-operation against tax evasion
16/12/2015 – Today the People’s Republic of China became the 77th jurisdiction to sign the Multilateral Competent Authority Agreement (MCAA),[...]
Greenland takes key step in implementing automatic exchange of financial account information
21/12/2015 – On 17 December 2015 Greenland signed the Multilateral Competent Authority Agreement‎, re-confirming its commitment to implement automatic exchange[...]
Kuwait joins the Global Forum on Transparency and Exchange of Information for Tax Purposes
18/12/2015 - Kuwait became the 130th member of the Global Forum on Transparency and Exchange of Information for Tax Purposes. Members[...]