The FICO Data Privacy Policy explains FICO’s collection and use of cookies. Cookies help us remember your settings to provide you with a better browsing experience; allow us to assess, monitor, and improve the website’s performance; and enable our partners to advertise to you. You may disable the cookies by changing the settings in your browser, and you may tell us not to share your cookie data with third parties. By using this website, you consent to the use of cookies as described in the FICO Data Privacy Policy.
In collaboration with the G20 states, the OECD has prepared a new global standard for the international exchange of financial data. As of 2017, cross-border tax evasion will be further restricted through automatic exchange of information between tax authorities (Automatic Exchange of Information – AEOI). The new standard consists of two parts: common reporting and duediligence concerning the information on financial accounts (Common Reporting Standard – CRS) and a model for bilateral or multilateral intergovernmental agreements that will serve as the basis for the exchange of taxpayer data between these states (Model Competent Authority Agreement – CAA). The financial institutions of the signatory states are obliged to identify the accounts of private persons and companies residing in one of these countries.