Finance Ministers in 51 Countries Declare Bank Secrecy Act ‘Obsolete’ Finance ministers from more than 50 countries recently signed the Multilateral Competent Authority Agreement, with another 30 countries pledging to sign the agreement by 2018.
The agreement, signed in Berlin, is an effort to end what the US Bank Secrecy Act, which they called “obsolete.” The ministers met for two days in a summit arranged by the Organization for Economic Cooperation and Development (OECD) and […]