OECD Automatic Exchange of Information Portal open for business
Chris Hamblin, Editor, London, 18 January 2016
The Organisation of Economic Co-operation and Development (secretary-general Ángel Gurría pictured) recently opened a portal to help financial firms and others deal with its Common Reporting Standard.
The portal content includes a historical timeline and background on information exchange, guidance and materials, details on the international framework for Common Reporting Standard exchange relationships, information on and assistance with implementation, and an explanation of the OECD's "commitment and monitoring process." The AEOI Portal is expected to be a central repository for CRS - related information and guidance, and, as jurisdictions continue to release guidance, the portal will be a valuable source for current publications and relevant materials that should be consulted on a regular basis. The portal is found at www.oecd.org/tax/automatic-exchange/