기사
Standard for Automatic Exchange of Financial Account Information - COMMON REPORTING STANDARD
G20 Leaders at their meeting...in September 2013 fully endorsed the OECD proposal for a truly global model of automatic exchange [of financial account information] and invited the OECD working with G20 countries to present such a new single standard...The standard...calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged...financial institutions that need to report...different types of accounts and taxpayers covered [and] common due diligence procedures to be followed by financial institutions...The new standard...incorporates progress made within the European Union, as well as global anti-money laundering standards, with the intergovernmental implementation of the US Foreign Account Tax Compliance Act (FATCA)...