e-Government solutions

Automatic Exchange of Financial Information
System

Strengthening financial transparency through secure international data exchange.

PROJECT CONTEXT

State Revenue Committee of the RA

The Automatic Exchange of Financial Information System is a secure digital platform developed to support Armenia’s integration into the global framework of financial transparency and international tax cooperation.

The system enables the automated exchange of financial account information between Armenia and partner jurisdictions, ensuring secure, accurate, and standardized data transfer in line with international requirements.
Developed according to OECD Common Reporting Standard (CRS) principles, the platform supports the State Revenue Committee of the Republic of Armenia in strengthening tax transparency, enhancing data-driven governance, and contributing to global efforts against tax evasion.

CHALLENGE

With the expansion of international financial activities, tax administrations worldwide require advanced digital infrastructure to securely exchange information and ensure compliance with global transparency standards.

To implement the CRS framework, Armenia needed a reliable technological solution that would:

Support international financial data exchange requirements
Ensure secure processing of sensitive financial information
Enable cooperation with foreign tax authorities
Provide financial institutions with an efficient digital reporting mechanism
Maintain high standards of data protection and confidentiality

SOLUTION

A secure and scalable platform designed to automate financial information collection, processing, and exchange.

The solution provides

Team Solutions developed and implemented the Automatic Exchange of Financial Information System — a secure and scalable platform designed to automate financial information collection, processing, and exchange.

Automated Data Exchange

Enables standardized and efficient exchange of financial account information with partner jurisdictions.

Financial Institution Integration

Allows reporting organizations to electronically submit required financial information to the tax authority.

Compliance with International Standards

Supports implementation of OECD CRS requirements and international transparency commitments.

Secure Information Management

Ensures confidentiality, integrity, and secure processing of sensitive financial data.

Operational Efficiency

Reduces manual processes, improves data accuracy, and simplifies cooperation between institutions.

RESULTS AND IMPACT

The implementation of the Automatic Exchange of Financial Information System marks an important milestone in Armenia’s digital transformation of tax administration.

The platform enhances international cooperation, strengthens transparency, and enables Armenia to participate in a global network of jurisdictions working toward a more accountable financial environment.

Implementation of OECD CRS-based automatic exchange processes

Cooperation framework with 120+ jurisdictions worldwide

Secure digital exchange of financial account information

Improved efficiency of financial reporting processes

Enhanced transparency and international tax cooperation

Stronger digital capabilities within Armenia’s public administration

Through innovative e-government solutions, Team Solutions continues to support Armenia’s digital transformation by delivering secure, scalable, and internationally aligned platforms.

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