All posts tagged "AEOI"
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650AML / KYCOECD Hails Global Anti-Tax Evasion Efforts as ‘Unprecedented Success’
Last year saw nearly 90 jurisdictions automatically exchange information on 47 million financial accounts, covering total assets of $4.9tn.
December 2, 2019 -
620AML / KYCPhilippines Makes Push to End Bank Secrecy
BSP governor Benjamin Diokno has said the central bank wants to help convince lawmakers of the importance of lifting bank secrecy as part of a bill to grant amnesty to errant taxpayers.
October 15, 2019 -
892AML / KYC
Automatic Exchange of Information is Working, Says OECD
New data from the OECD indicates that Hong Kong and Singapore are adhering to tighter global standards on tax transparency.
June 13, 2019 -
594AML / KYCHong Kong FIs Share Foreign Tax Resident Data with IRD – Report
Over 1,700 financial institutions have shared customer account balances and income details with the tax authority, as required by AEOI.
September 12, 2018 -
755AML / KYCTax Law Forces New Zealand Banks to Freeze Accounts
Banks required to find out whether customers are foreign tax residents and report to Inland Revenue; unresponsive customers are having their accounts put on hold.
July 4, 2018 -
421AML / KYC
Foreign Tax Status Disclosures Required by New Zealand Banks
Banks required to report customers' foreign tax status by 30 June; customers that do not respond may have their accounts frozen or closed.
June 7, 2018 -
522AML / KYCMAS Fines StanChart Units $4.9mn for AML/CTF Breaches
The bank’s Singapore branch and trust unit failed to adequately assess and mitigate risks that clients were trying to avoid CRS reporting obligations.
March 20, 2018 -
540AML / KYCIndonesian Banks Start AEOI Registration to Report Customer Data
Indonesian banks, regulators and financial infrastructure firms invited to register with the tax office under AEOI norms.
February 22, 2018 -
543AML / KYCSingapore Activates 61 AEOI Relationships for 2018
The country will automatically exchange tax information from January 2017 with 61 countries under the OECD’s Common Reporting Standards.
January 17, 2018 -
AML / KYC
China Regulators Confirm Readiness for CRS
Six departments including banking and securities regulator confirm 1 July kick-off.
May 22, 2017
