The list of non CRS countries 2019 - 2020

blueweb

Corporate Services
Mentor Group Gold
Elite Member
Commercial Service
I have compiled the below small list for all of you to get a quick overview of what countries don't participate in the CRS (The Common Reporting Standard) which is an information standard for the Automatic Exchange of Information (AEOI) regarding bank accounts on global level, between the tax authorities, which the Organisation of Economic Co-operation and Development (OECD) has developed. It's purpose is to combat tax evasion.

Lots of information I know, but hope it helps people to understand what the list is about and how important it can be for one looking for total privacy.

here is the list in alphabetical order:
Armenia
Cambodia
Dominican Republic
Republic of Georgia
Guatemala
Kazakhstan
Macedonia
Montenegro
Paraguay
Philippines
Puerto Rico
Serbia
Ukraine
United States (Consider FATCA RULES) !!

You need to check each country as time goes since this is a ever changing world and the fact that some countries actually will be part of the CRS is a ever lasting threat.
 

Macr2

New member
Liberia is non CRS too I believe. Has a long history of being useful to USA for private ship registers.
 

lavel

Offshore Agent
Entrepreneur
Whats interesting is that there is only 3-4 countries on that list that I would consider banking in :oops:. This means the OECD's AEOI CRS has largely achieved its goal at this stage.
What countries would you consider banking?
 

silentreader

Mentor Group Gold
Cambodia is definitely worth a try - I had some good experience with ANZ Royal but that was about 6 years ago...
Ukraine is too risky in my opinion since they can come up with regulation changes over night!
I remember being stuck in Uruguay once with the Ukrainian National Bank limiting cash withdrawals from Ukrainian banks to 100$ per day without any warning!
 

Artemis Eleutheria

Entrepreneur
Armenia, Benin, Bosnia and Herzegovina, Botswana, Burkina Faso, Cape Verde, Cambodia, Cameroon, Chad, Côte d’Ivoire, Djibouti, Dominican Republic, Egypt, El Salvador, Eswatini, Former Yugoslav Republic of Macedonia, Gabon, Georgia, Guatemala, Guyana, Haiti, Jamaica, Kenya, Lesotho, Liberia, Madagascar, Mauritania, Moldova, Mongolia, Montenegro, Morocco, Niger, Papua New Guinea, Paraguay, Philippines, Rwanda, Senegal, Serbia, Tanzania, Thailand, Togo, Tunisia, Uganda, Ukraine, USA

Update courtesy of OECD: https://www.oecd.org/tax/transparency/AEOI-commitments.pdf
 

Macr2

New member
Armenia, Benin, Bosnia and Herzegovina, Botswana, Burkina Faso, Cape Verde, Cambodia, Cameroon, Chad, Côte d’Ivoire, Djibouti, Dominican Republic, Egypt, El Salvador, Eswatini, Former Yugoslav Republic of Macedonia, Gabon, Georgia, Guatemala, Guyana, Haiti, Jamaica, Kenya, Lesotho, Liberia, Madagascar, Mauritania, Moldova, Mongolia, Montenegro, Morocco, Niger, Papua New Guinea, Paraguay, Philippines, Rwanda, Senegal, Serbia, Tanzania, Thailand, Togo, Tunisia, Uganda, Ukraine, USA

Update courtesy of OECD: https://www.oecd.org/tax/transparency/AEOI-commitments.pdf
Maybe a list of the ones which you would actually want to bank with :cool:
 

Admin

Forum Moderator
Staff member
Elite Member
Would be a nice idea to make this sticky and keep it updated
I agree, just made this thread sticky, thanks for the feedback.
 

Martin Everson

HNWI Offshore Consultant
Mentor Group Gold
Elite Member
Martin, would you care to elaborate on the Cambodia banking experience??

This could be an option for me....
Thanks
I only opened a fixed deposit account a while back till it expired with ababank. I am no more banking with them. Had no problems with the bank in my time with them.
 

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