AEOI excluded entities and accounts
The Common Reporting Standard for Automatic Exchange of Financial Information allows implementing jurisdictions to expand on the list of automatically excluded entities and accounts to also include “low risk” excluded entities and accounts.
This means these entities would be excluded from due diligence and reporting obligations.
To be considered a “low risk” entity or account, the financial institution first needs to meet the criteria set out in a fact sheet.
Submissions are welcome from financial institutions who meet these criteria and wish to be included in a list of excluded entities.
For more information see the fact sheet and implementing automatic exchange of information (AEOI).
Submissions closed on 31 January 2017.