The OECD global forum has published reports on eight more jurisdictions following peer reviews assessing compliance with the updated international standard on tax transparency and exchange of information on request, which requires beneficial ownership information on all relevant legal entities and arrangements in line with FATF recommendations.
Three jurisdictions undergoing their second round of peer reviews were rated ‘largely compliant’ (Brunei Darussalam, Macau and Switzerland), while two jurisdictions (Barbados and the Seychelles) were downgraded from ‘largely compliant’ to ‘partially compliant’.
Three jurisdictions (Liberia, Peru and Tunisia) were undergoing their first full peer reviews, as only their legal framework had been reviewed so far. Peru and Tunisia were both rated ‘largely compliant’, while Liberia was ‘partially compliant’.
The OECD global forum has published reports on eight more jurisdictions following peer reviews assessing compliance with the updated international standard on tax transparency and exchange of information on request, which requires beneficial ownership information on all relevant legal entities and arrangements in line with FATF recommendations.
Three jurisdictions undergoing their second round of peer reviews were rated ‘largely compliant’ (Brunei Darussalam, Macau and Switzerland), while two jurisdictions (Barbados and the Seychelles) were downgraded from ‘largely compliant’ to ‘partially compliant’.
Three jurisdictions (Liberia, Peru and Tunisia) were undergoing their first full peer reviews, as only their legal framework had been reviewed so far. Peru and Tunisia were both rated ‘largely compliant’, while Liberia was ‘partially compliant’.
