Bahrain, Lebanon, Nauru, Panama, Vanuatu agree to CRS | KPMG | GLOBAL

OECD: Bahrain, Lebanon, Nauru, Panama, Vanuatu agree to implement CRS

Bahrain, Lebanon, Nauru, Panama, Vanuatu agree to CRS

The Organisation for Economic Cooperation and Development (OECD) today announced that Bahrain, Lebanon, Nauru, Panama, and Vanuatu have committed to the international standard of automatic exchange of financial account information and to share financial account information automatically with other countries.


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According to the OECD release, with these new commitments, there are 101 jurisdictions that have committed to implement information sharing in accordance with the common reporting standard (CRS) as developed and endorsed by the OECD and G20 countries.  The latest commitments call for beginning the exchanges in September 2018.

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