On 26 January 2021, Peru issued Supreme Decree 009-2021-EF, modifying Supreme Decree 430-2020-EF, which contained the regulations for banks that report financial information to the Peruvian tax authorities.Supreme Decree 009-2021-EF makes the following modifications to the regulations:Banks must report account balances and/or accumulated amounts or averages of 7 Tax Units (approximately US$8,554) or more, instead of PEN10,000 (approximately US$2,857).Banks must report information for each month and file an affidavit with the Peruvian tax authorities twice a year, according to a schedule to be approved by the Peruvian tax authorities.The information reported to the Peruvian tax authorities will be subject to the Organisation...