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Standard for Automatic Exchange of Financial Account Information (Amendment) Act, 2023 🇬🇭

Ghana
Coat of Arms
Republic of Ghana


The one thousand and ninety-ninth

Act

of the parliament of the republic of ghana
entitled

Standard for Automatic Exchange of Financial Account Information (Amendment) Act, 2023

  • Published by Government Gazette on 5 May 2023
  • Assented to on 5 May 2023
  • Commenced on 5 May 2023
AN ACT to amend the Standard for Automatic Exchange of Financial Account Information Act, 2018 (Act 967) to strengthen due diligence procedures; proscribe circumvention practices and for related matters.

1. Section 8 of Act 967 amended

The Standard for Automatic Exchange of Financial Account Information Act, 2018 (Act 967) referred to in this Act as the "principal enactment" is amended by the insertion after subsection (4) of section 8, of"(5) A reporting financial institution required under subsection (1)to keep records shall document the steps taken in accordance with the Second Schedule, in performing due diligence procedures for obtaining self-certification from an account holder.".

2. Section 12 of Act 96…

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