Common Reporting Standard (CRS)

The Common Reporting Standard (CRS), referred to as the Standard for Automatic Exchange of Financial Account Information (AEOI), calls on countries to obtain information from their financial institutions and exchange that information with other countries automatically on an annual basis. The CRS sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

The details of how this affects your Interactive Brokers account are still being determined.

For a list of the countries which have committed to the automatic exchange of information, please click here to follow a link from the Organization for Economic Cooperation and Development (OECD) website.

 

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