The OECD global forum has published reports on eight jurisdictions from the second round of peer reviews assessing compliance with the international standard on tax transparency and exchange of information on request.
These second-round reviews assess jurisdictions against the updated standard, which incorporates beneficial ownership information of all relevant legal entities and arrangements, in line with the definition used by the Financial Action Task Force recommendations.
Seven of these jurisdictions: Andorra, Curaçao, Dominican Republic, Marshall Islands, Samoa, the United Arab Emirates, and Saudi Arabia, were rated ‘largely compliant’.
Panama was rated ‘partially compliant’, as deficiencies remain in relation to the availability of accounting information and in its supervisory programmes.
The OECD global forum has published reports on eight jurisdictions from the second round of peer reviews assessing compliance with the international standard on tax transparency and exchange of information on request.
These second-round reviews assess jurisdictions against the updated standard, which incorporates beneficial ownership information of all relevant legal entities and arrangements, in line with the definition used by the Financial Action Task Force recommendations.
Seven of these jurisdictions: Andorra, Curaçao, Dominican Republic, Marshall Islands, Samoa, the United Arab Emirates, and Saudi Arabia, were rated ‘largely compliant’.
Panama was rated ‘partially compliant’, as deficiencies remain in relation to the availability of accounting information and in its supervisory programmes.
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