Order Designating Foreign Governments

2015 Sept:The Financial Institution (Provision of Customer Information) Act 2013 ("Act") passed in 2013 was designed to remove legislative barriers which prevent Banks and Trust Companies that operate in the Cook Islands from providing to the tax authorities of other countries information relating to their citizens. The Order in Executive Council passed this month officially designates the United States of America, Australia, and New Zealand as the foreign countries that the Act will apply to. This Order is part of the Cook Islands continued commitment towards a globally competitive and reputable financial industry.