Rules and Administrative Procedures for the Implementation of the Multilateral Agreement between Competent Authorities on the Automatic Exchange of Financial Account Information

Release Date:	1439-02-24
Release Tool:	Ministerial decision
Issuance Instrument Number:	893
Validity:	Valid
Date of last amendment:	1445-03-08
Summary:	By AI The Minister of Finance has decided to adopt the administrative rules and procedures for the implementation of the multilateral agreement on the automatic exchange of financial account information, based on Royal Decree No. M/125. The rules include their publication in the official gazette and their commencement from the date of publication, with clarification of important definitions such as "existing financial account" and "reporting financial institution." The text addresses the due diligence...

Release Date:

1439-02-24

Release Tool:

Ministerial decision

Issuance Instrument Number:

893

Validity:

Valid

Date of last amendment:

1445-03-08

Summary:

By AI

The Minister of Finance has decided to adopt the administrative rules and procedures for the implementation of the multilateral agreement on the automatic exchange of financial account information, based on Royal Decree No. M/125. The rules include their publication in the official gazette and their commencement from the date of publication, with clarification of important definitions such as "existing financial account" and "reporting financial institution." The text addresses the due diligence...