Automatic Exchange of Information (AEOI) curriculum

The Automatic Exchange of Information (AEOI) is a global standard aimed at combating tax evasion and enhancing transparency in the international financial system. Under AEOI, banks, investment entities, insurance companies, and other financial institutions must automatically share information on financial accounts held by foreign residents with their home countries.

Key regulations and initiatives under AEOI include the Common Reporting Standard (CRS) developed by the OECD, the U.S. Foreign Account Tax Compliance Act (FATCA), and the EU's Directive on Administrative Cooperation (DAC). These play a crucial role in global tax compliance. They collectively enhance transparency, reduce tax evasion, and ensure that tax authorities can access vital financial information across borders.

With this tax environment becoming more and more transparent, complying with the Automatic Exchange of Information (AEOI) standards, presents several impacts, challenges, as well as risks of penalties for in-scope Financial Institutions (FIs).

With the new DAC8 regulation coming into force in January 2026, the scope is extended to new entities like e-money and crypto asset service providers. All FIs will have to assess the impacts of new regulatory requirements, review their operating model, prepare a remediation plan if needed, update their CRS procedure and control framework according to new standards and market practices, understand interactions with other tax regulations, and inform clients about how DAC8 will affect them.

In close collaboration with PwC's subject matter experts, PwC's Academy has designed an ‘Automatic Exchange of Information training curriculum’ to offer an effective, flexible, and cost-efficient approach for professionals to build-up and maintain their knowledge and competence in the AEOI regulations in place, but also to deep dive into the upcoming regulations (like DAC8) and their impacts.