Rules for the automatic exchange of financial information (AEOI) received final approval this week in The Bahamas.
The AEOI rules are contained in regulations that set forth various obligations for financial institutions—including due diligence requirements, reporting obligations, electronic filing of information returns rules, requirements for recordkeeping, and rules for the inspection of books and records. There are separate measures concerning cash value insurance or annuity contracts. For purposes of the common reporting standard (CRS) regime, the AEOI regulations provide a list of participating jurisdictions.
Read text of the AEOI regulations [PDF 5.57 MB]
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