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HK private banks must “rapidly expand” AEOI compliance approach, as govt eyes new reporting partners

Asian Private Banker - The Final Word: Regulations and compliance

The Hong Kong government is considering expanding its list of reportable jurisdictions for the Automatic Exchange of Information (AEOI) and this will impact those financial institutions that have thus far taken a “narrow approach” to the CRS regime, Richard Weisman, international tax partner at Baker & McKenzie in Hong Kong, tells Asian Private Banker. Currently, Hong Kong has just two…

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