Our very own managing attorney, Francis M Boyer recently gave a presentation on Automatic Disclosure of Banking Information at the March, 2018 International Law Section of the Florida-Quebec Forum. This event is a Continuing Legal Education seminar for US and Canadian lawyers held by the Quebec Bar Association in conjunction with the Florida Bar Association in Fort Lauderdale, Florida.
A cross-border gathering of lawyers here in Florida might seem a rather extraordinary event. In actuality, Florida is the most qualified place to host such a gathering of international lawyers as Florida is the only state that offers a specialty certification in International Law. Mr. Boyer is one of only 53 Florida lawyers to earn this certification. That’s one in 53 among over 90,000 Florida lawyers and over a million attorneys in the United States.
Board Certification is The Florida Bar’s highest level of evaluation of the competency and experience of an attorney in a specialty area of the law. For the International Law certification, a lawyer must master international litigation, international business transactions and taxation, business migration, customs import/export laws, US legal discovery abroad, etc.
Attorney Boyer’s presentation at the Florida-Quebec Forum focused on challenges faced by attorneys and investors since implementation of the new automatic exchange of information (AEOI) common reporting standards by the Organization for Economic Co-operation and Development (OECD). By way of this global initiative, an individual’s financial information will automatically be shared with their host country, rather than waiting for data access authorization. The new disclosure will aid the United States in tracking the movement of funds, fighting terrorism, tax collection, and battling money-laundering. The cost? Speed and convenience in opening new bank and financial accounts, which require the individual to be present, and to prove identity to a financial institution willing to handle foreign clientele.