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Kuwait Signs Multilateral Agreement on Automatic Exchange of Financial Account Information

22 August 2016

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Treaty Development

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Kuwait-OECD

According to an update from the OECD, Kuwait signed the Multilateral Competent Authority Agreement (MCAA) on Automatic Exchange of Financial Account Information on 19 August 2016. The MCAA provides for the exchange of information as part of the Common Reporting Standard (CRS) developed by the OECD. With the signing, Kuwait has re-confirmed its commitment to begin automatic exchange by September 2018. Click the following link for the 84 jurisdictions that have signed the MCAA to date.