Saudi Arabia Signs Addendum to CRS MCAA

According to an update from the OECD, Saudi Arabia signed the Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) on 9 April 2026. The addendum reflects amendments to the Common Reporting Standard (CRS) adopted in 2023 to broaden the scope of information, including information on crypto-assets, and to enhance reporting requirements and due diligence procedures. To date, 78 countries/jurisdictions have signed the Addendu…