The UK has announced the updated list of jurisdictions eligible for automatic financial data exchange, now including 119 countries. This update follows the UK’s commitment to international cooperation in combating tax evasion and financial crime. The list includes a mix of developed and emerging economies, reflecting the UK’s efforts to align with global standards.
The new list replaces the previous version, which included fewer jurisdictions. The UK’s Financial Conduct Authority (FCA) confirmed the update as part of its ongoing efforts to enhance transparency in financial transactions. The agreement allows for the automatic sharing of information on financial accounts held by UK residents in foreign jurisdictions.
This initiative builds on the UK’s participation in the Common Reporting Standard (CRS), which requires financial institutions to report information about financial accounts held by tax residents of participating countries. The expansion of the list underscores the UK’s role in global financial governance and its push for greater cross-border cooperation. The updated list will take effect in 2026, allowing for smoother implementation of the new rules.
