Offshore Bank Accounts

Does the British Virgin Islands share the bank account information with the Tax Authority of my country?

Two banking information exchange regulations are in force in most of the countries in the world, including the BVI – FATCA that refers to the beneficial owners from the USA and CRS referring to the residents of the countries that have committed to this system. According to these regulations, the banking information is passed to the respective Tax Authority of the country of residence of each beneficial owner. These regulations do not affect the persons residing in the countries that are not part of the respective Agreements, however, such countries are few and become less every year.