The Swiss State Secretariat for International Finance has released an updated list of Automatic Exchange of Financial Account Information (AEOI) under the Common Reporting Standard (CRS) on 19 November 2024.
The Automatic Exchange of Information on financial accounts (AEOI) aims to improve tax transparency and prevent cross-border tax evasion. This global standard facilitates the exchange of financial account information between countries and territories that have agreed to participate in the AEOI framework.
Switzerland is among over 100 countries and territories, including all major financial centres, that have adopted this standard.
As of 19 November 2024, Georgia, Moldova, and Ukraine have all agreed to implement reciprocal arrangements for the exchange of financial account information under the global AEOI framework.
These agreements are set to enter into force on 1 January 2025, marking the official start of the automatic exchange of relevant financial data between these countries and other participating jurisdictions.
