The Swiss Federal Council has approved a decree to expand the automatic exchange of information (AEOI) on financial accounts, adopting the OECD’s new crypto-asset reporting standards on 19 February 2025.
The changes include updating national laws to reflect the CRS addendum, implement the OECD’s Crypto-Asset Reporting Framework (CARF) and criminalise negligent violations of due diligence and reporting requirements.
Earlier, The Swiss Federal Council submitted a proposal to Parliament to extend the international automatic exchange of information (AEOI) in tax matters. This extension included two key updates: the introduction of AEOI for crypto assets and amendments to the existing standard for the automatic exchange of financial account information.
