Liechtenstein Approves Various Reports, Proposals on Implementing Revised CRS for AEOI

The Liechtenstein Government July 8 announced the same date approval of reports and proposals regarding the implementation of the revised common reporting standard (CRS) for the automatic exchange of information (AEOI). The announcement includes: 1) the approval of the report and proposal on the Multilateral Competent Authority Agreement (MCAA) on AEOI pursuant to the Crypto-Asset Reporting Framework (CARF MCAA) and the addendum to the MCAA on the AEOI of financial account information (MCAA-CRS); 2) the adoption of the report and proposal on the CARF Act, the AEOI Act amendment, and various amendments related to implementing the CARF MCAA and MCAA-CRS ...