Saudi Arabia signed the Addendum to the CRS MCAA on 9 April 2026, the OECD confirmed on 29 July, adopting the legal basis for exchanging expanded financial account data, including crypto-assets, under the amended Common Reporting Standard.
Saudi Arabia signed the Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) on 9 April 2026, according to an OECD update on 29 July 2026.
The update confirms Saudi Arabia’s inclusion in the list of jurisdictions that have adopted the revised legal framework supporting the amended Common Reporting Standard (CRS).
The addendum provides the legal basis for participating jurisdictions to exchange the broader range of information introduced under the amended CRS. The amendments, adopted in 2022 and published in the 2023 update, expand the scope of information exchanged through the automatic exchange of financial account information.
The updated CRS also broadens reporting to include information on crypto-assets and introduces enhanced reporting requirements and due diligence procedures for reporting financial institutions.
As of 29 July 2026, 78 jurisdictions have signed the addendum to the Multilateral Competent Authority CRS MCAA.
