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Switzerland stops information exchange with Bulgaria

Posted on October 8, 2019 by Dissent

Cristian Angeloni reports:

The Swiss Federal Council has halted its automatic exchange of information (AEOI) agreement with Bulgaria.

The move follows a problem with data security in the Eastern European country in July 2019, when a leak exposed financial account information of four million Bulgarians and foreign taxpayers.

Although the Bulgarian National Revenue Agency was hacked, the Swiss databases were not affected.

Read more on International Adviser.

Category: Commentaries and AnalysesHackNon-U.S.

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