Ethics and governance in the European Financial centers

Monaco and Switzerland are no longer on the OECD "grey list".

But there is a huge difference : many agreements for Switzerland are with OECD members whereas Monaco signed with many fellow tax havens.

Since the last time the G20 met, in April in London, a few jurisdictions are said to move towards substantial implementation of tax information exchange.

Nothing is actually implemented.

30 countries have come together to build a task force to check the commitments. The head of the group is France's chief offshore tax hunter Francois d'Aubert.