Transparency groups have reacted in different ways, with some criticizing the way developing countries have been (not) considered and involved.  Collecting and providing information can be so costly and difficult for developing countries to measure. Instead of offering a period of non-reciprocity during which developing countries could simply obtain financial data, the only mention of non-reciprocity agreements is the supply of tax havens.  Automatic exchange of information agreements are concluded between the United Kingdom and other countries. These agreements allow for the exchange of information between tax authorities in different countries on financial accounts and investments in order to put an end to tax evasion. The agreement between the United Kingdom and its Crown Dependencies and the British Overseas Territories to account for those who reside for tax purposes in one area and keep accounts in the other. The agreement between the United Kingdom and the United States requires British financial institutions to communicate to HMRC the American customers who have accounts with them. This means that any jurisdiction can negotiate and define its own reporting accounts in its agreement. [Citation required] Governments (in AIA-held countries) have adopted national laws to require financial institutions to collect and disclose this information and have entered into international information exchange agreements with other governments.
As of July 2015 [updated], 53 lawyers had signed the automatic exchange of information agreement;  As of July 2016 [updated], 83 jurisdictions had signed the agreement.  In May 2014, forty-seven countries provisionally agreed on a “common reporting standard”, officially designated as the standard for the automatic exchange of financial account information: an agreement on the automatic exchange of information on residents` assets and incomes in accordance with the standard.  The most favourable countries included the 34 OECD countries, as well as Argentina, Brazil, China, Colombia, Costa Rica, India, Indonesia, Latvia, Lithuania, Malaysia, Saudi Arabia, Singapore and South Africa.  In an important step in the fight against dirty money, India received the first tranche of its inhabitants` Swiss banking data under the automatic exchange of information agreement. The new system should automatically and systematically transfer all relevant information. The agreement was informally called GATCA (the global version of FATCA),” but `crS is not just an extension of FATCA`.  The AIA standard has no direct legal force, but it must be transposed by any court into national law. The obligations of the AIA take effect when the jurisdiction in which a financial institution is located adopts the AIA through the implementation of a national aia law and concludes multilateral or bilateral agreements with other countries of the AIA information exchange jurisdictions. Their aim is to combat tax evasion. The idea was based on the implementation agreements of the FATCA (US Foreign Account Tax Compliance Act) and its legal basis is the Convention on Mutual Assistance in Tax Matters. 97 countries had signed an implementation agreement and others intend to sign it at a later date. .