Understanding the process
The automatic exchange of information consists of the application of the Common Reporting Standard (CRS).
In accordance with the reporting obligations set out in the Sovereign Ordinance no. 6.208 of 20 December 2016, the Department of Tax Services collects data from Monegasque Reporting Financial Institutions and forwards it to the reporting jurisdictions.
For further information, see:
The Reporting Monegasque Financial Institutions must create an account on the Automatic Information Exchange Portal (AIE) in order to submit a declaration corresponding to each of the reporting jurisdictions considered by Monaco.