Tag Archives: financial repositories

CRS implementation provoke bank secrecy wreck - OLIESERVE

Will CRS implementation provoke bank secrecy wreck?

off

Until quite recently revenue authorities could make an enquiry to a bank only in case they have solid reasons to suspect a person in tax evasion, but the situation has changed completely since 2016. Now banks provide revenue inspectors with information themselves. On January 1, 2016 new Common Reporting Standard was enacted that obliged banks […]

Read more