Two Countries Need Tweaks to Info Exchange Frameworks, OECD Says

Djibouti and Burkina Faso both need to improve their legal framework for transparency and exchange of banking and beneficial ownership information, according to peer reviews of the developing nations.

The two countries’ peer assessments were among five the Organization for Economic Cooperation and Development facilitated on countries’ compliance with voluntary automatic exchange of financial information.

Armenia, the British Virgin Islands, and Côte d’Ivoire also had results published along with Djibouti and Burkina Faso.

The peer reviews ask countries to review a jurisdiction’s legal framework and compliance with exchange standards to identify issues and suggest improvements to ...