The European Union has created an independent monitoring body, the European Tax Observatory, to help drive policies against tax evasion/avoidance through research, analysis and data-sharing. Financial Institutions should anticipate new policies and requirements surrounding tax evasion and/or avoidance in the future, and potential for harmonisation of some requirements in this area.

https://ec.europa.eu/commission/presscorner/detail/en/ip_21_2714

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