The Current Status of AEOI CRS in Hong Kong and the known developments in 2019 And 2020

In September 2014, Hong Kong indicated its support to implement the OECD Common Reporting Standard (CRS) and to exchange financial account information implementing automatic exchange of financial account information (AEOI) commencing the first exchanges in 2018. Under the AEOI standard, financial institutions are required to identify financial accounts held by…