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NEW DELHI/BERNE, Oct 10: India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries. Officials said the new details shared with India pertain to “hundreds of financial accounts”, including many cases of multiple accounts associated with some individuals, corporates and trusts. They did not divulge specifics, citing the confidentiality clause of […]

NEW DELHI/BERNE, Oct 10: India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.Officials said the new details shared with India pertain to “hundreds of financial

India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange.

India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.

Unpacking the background of the development of these reporting standards and what is required of those involved.