Andorra has signed an agreement with the EU to exchange information on financial accounts of individuals with bank accounts in the country
Under a new agreement, Andorra and EU member states will automatically exchange information on the financial accounts of each other's residents from 2018.
The new agreement should be formally signed early next year, following authorisation by the EU's Council of Ministers and the Andorran government.
The EU has already signed similar agreements with Switzerland and Liechtenstein, and further agreements with San Marino and Monaco are currently progressing.
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