Kuwait Finalizes Implementation of CRS MCAA

Kuwait published Decree-Law No. 57 of 2026 in the Official Gazette on 19 April 2026, which finalizes the domestic implementation of the OECDs Common Reporting Standard (CRS) and the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA), which Kuwait signed in 2016. The Decree-Law corrects several legal and technical issues that previously hindered Kuwait's full compliance with CRS and provides for Kuwait's full accession to the CRS MCAA u…