Automatic Exchange of Information (AEOI) commitments

Automatic Exchange of Information (AEOI) is a global system where countries automatically share financial account details of their residents with each other. This cooperation helps governments detect and prevent tax evasion, money laundering, and illicit financial activities. Through AEOI, financial institutions report account information annually to local tax authorities, who then share relevant data with other nations. This process promotes transparency, compliance, and fair tax collection across borders, making it harder for individuals and entities to hide assets or income illegally.