The automatic exchange of information (AEOI) that was introduced in 2018 has unfortunately not improved the situation. Although it is being continuously extended as more countries participate, the supervision and compliance requirements on the banks for customers resident abroad have constantly increased.
The Organisation of the Swiss Abroad, SwissCommunity, has for some years been undertaking various initiatives in order to find a solution to this problem which affects a large number of Swiss citizens abroad.
A short summary of the different activities and initiatives of our Organisation in this connection can be found in our Swiss banks factsheet:
For more information, or if you have questions, please contact us at email@example.com.