India’s fight against black money got a shot in the arm with Switzerland ratifying the global convention on automatic exchange of information (AEOI) on financial transactions by the country’s residents.
The Swiss Federal Council, which adopted the dispatch on introduction of the AEOI on Friday, said implementation is planned for 2018 and the first data exchange should take place in the year after. The council, which is the top governing body of the European nation, will soon notify ..