Switzerland ratifies automatic exchange of financial account information with India

Switzerland's Federal Council will notify date from which automatic info exchange will begin while the decision is not subject to referendum.

By Zee Media Bureau | Last Updated: Jun 16, 2017, 15:28 PM IST
Switzerland ratifies automatic exchange of financial account information with India

New Delhi: Switzerland on Friday ratifies automatic exchange of financial account information with India, 40 others. Information sharing will begin in 2019.

Switzerland's Federal Council will notify date from which automatic info exchange will begin while the decision is not subject to referendum.

Before first automatic exchange, Switzerland will check whether India, other jurisdictions meet confidentiality and data security standards.

With PTI Inputs