Implementing the OECD’s Common Reporting Standard for the Automatic Exchange of Information

Minister of Financial Services the Hon. C.V. Hope Strachan, M.P. says The Bahamas is on track to implement the CRS in 2018.

Asserting that The Bahamas has demonstrated a commitment to create a financial services sector that is well equipped to compete and succeed in the increasingly regulated environment in which the industry now operates, the Minister in a media release today states that The Bahamas prides itself on being a compliant jurisdiction that follows best practices and adheres to international standards for tax cooperation and tax transparency. *”A prime example of this is the Government of The Bahamas’ commitment to the OECD to implement the Common Reporting Standard (CRS) for the Automatic Exchange of Information (AEOI) in 2018,”* she says.

See pdf of media release below.