Switzerland to exchange bank data with Pakistan, other countries.

BERN -- In a key development over the issue of the wealth stashed to abroad, the Swiss parliament has approved the automatic exchange of bank data to 18 more countries including Pakistan from year 2021, according to a media report.

The Swiss Senate followed the House of Representative's lead and approved a new batch of countries for automatic exchange of financial information (AEOI) including Pakistan, a Swiss newspaper reported.

This means Switzerland will provide the complete bank data held by the citizens of these countries.

In return, Switzerland will receive information on banking details of accounts held by Swiss citizens in these countries.

These 18 countries are Pakistan, Albania, Azerbaijan, Brunei, Dominica, Ghana, Kazakhstan, Lebanon, Macau, Maldives, Nigeria, Niue, Oman, Peru, Samoa, Saint Martin, Trinidad and Tobago and...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT