Switzerland sign automatic exchange of information with India to flush black money

Posted on:17 Jun 2017 14:29:05
Switzerland sign automatic exchange of information with India to flush black money
17 June 2017 Current Affairs:

  • Switzerland signed an automatic exchange of financial account information with India in order to facilitate immediate sharing of details.

  • According to the Swiss Federal Council, the implementation of the exchange sharing agreement has been planned for 2018 and hence the first set of data is likely to be exchanged in the year 2019.

  • ‘Joint Declaration‘ for implementation of Automatic Exchange of Information (AEOI) was signed between India and Switzerland in November 2016.


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