Global Forum Compliance
The Global Forum on Transparency and Exchange of Information for Tax Purposes reviews and issues reports on compliance of its member tax jurisdictions. The Global Forum's peer review process examines both the legal and regulatory aspects of exchange (Phase 1 reviews) and the exchange of information in practice (Phase 2).
As of November 2011 the phase 1 or combined (phases 1&2) reviews of 59 jurisdictions are completed. The final phase 2 review is expected to be finalized in the first half of 2014.
Of the completed reviews the following jurisdictions aren't ready for phase 2: Antigua and Barbuda, Barbados, Brunei, Botswana, Liechtenstein, Panama, Seychelles, Switzerland, Trinidad and Tobago, Uruguay and Vanuatu.
Read more about this topic: FATF Blacklist
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