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First slice of Swiss Account Details received by India under Automatic Exchange Framework

Shortpedia

Content Team

India's fight against black money continues as it has received the first slice of details about financial accounts of its residents in Swiss banks under a new automatic exchange of information framework between the two countries. This is the first instance when India has received the details from the Swiss Bank under the AEOI framework. The next installment of the exchange of details is expected to take place in September 2020.