Monaco’s Ministry of Finance and Economy reported on the principality’s participation in the 13th Competent Authorities Conference of the Global Forum on Transparency and Exchange of Information for Tax Purposes, held in Kotor, Montenegro, from Oct. 27 to 29, 2026. Discussions focused on implementing international tax transparency standards, particularly the handling of information requests and developments in reporting frameworks. Participants examined strengthening the role of competent authorities, enhancing monitoring of information exchange on request and applying the foreseeable relevance standard to requested information. They also discussed developments relating to the Common Reporting Standard and the Crypto-Asset Reporting Framework. A separate session addressed opportunities and challenges associated with artificial intelligence in information exchange, particularly confidentiality and data security.
Monaco’s Ministry of Finance and Economy reports participation in Global Forum conference on tax information exchange
Monaco’s Ministry of Finance and Economy reported the principality’s participation in Global Forum tax transparency discussions in Kotor, Montenegro, from Oct. 27 to 29, 2026. The conference examined information exchange on request, developments in the Common Reporting Standard and Crypto-Asset Reporting Framework, and confidentiality and data security issues associated with artificial intelligence.