OECD: Israel, Russia join CRS agreement

OECD: Israel, Russia join CRS agreement

The Organisation for Economic Cooperation and Development (OECD) today announced that Israel and the Russian Federation have signed the common reporting standard (CRS) multilateral competent authority agreement—that allows for the automatic exchange of offshore financial accounts.

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The OECD release states that currently there are 80 signatories to the CRS multilateral competent authority agreement. The OECD release also includes information on the signing of a country-by-country reporting agreement by six countries.

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