The Multilateral Agreement between Competent Authorities on the Automatic Exchange of Financial Account Information

Type:	International treaty
Date of approval :	1438-12-01
accreditation:	Royal Decree
Approval number:	م/125
Type of Accreditation:	Totally
Validity:	Valid
Summary:	By AI On 8/12/1, King Salman bin Abdulaziz issued a royal decree approving the Kingdom of Saudi Arabia's accession to the multilateral agreement on the exchange of information regarding financial accounts, signed in Georgia. The decision aims to enhance cooperation in the exchange of financial information between countries and requires financial institutions to report certain account information and follow due diligence procedures while protecting the confidentiality of the information. The text addre...

Type:

International treaty

Date of approval :

1438-12-01

accreditation:

Royal Decree

Approval number:

م/125

Type of Accreditation:

Totally

Validity:

Valid

Summary:

By AI

On 8/12/1, King Salman bin Abdulaziz issued a royal decree approving the Kingdom of Saudi Arabia's accession to the multilateral agreement on the exchange of information regarding financial accounts, signed in Georgia. The decision aims to enhance cooperation in the exchange of financial information between countries and requires financial institutions to report certain account information and follow due diligence procedures while protecting the confidentiality of the information. The text addre...