Article 11 - Confidentiality - Marshall Islands

ARTICLE 11 CONFIDENTIALITY 1. Any information received by a Contracting Party under this Agreement shall be treated as confidential and may be disclosed only to persons or authorities (including courts and administrative bodies) in the jurisdiction of the Contracting Party concerned with the assessment or collection of, the enforcement or prosecution in respect of, or the determination of appeals in relation to the taxes covered by this Agreement. Such persons or authorities shall use such information only for such purposes. They may disclose the information in public court proceedings or in judicial decisions. The information may not be disclosed to any other person or entity or authority or any other jurisdiction (including a foreign Government) without the express written consent of the competent authority of the requested Party. 2. The information referred to in paragraph 1 may also be disclosed to and used by any officer, authority or body performing any function under any law relating to: the imposition of any tax, duty, or cess; dealings in foreign exchange; the prevention of illicit traffic in narcotic drugs and psychotropic substances; or the prevention of corruption, terrorist activities, or money laundering. 3. Notwithstanding the foregoing, information received by a Contracting Party may be disclosed to such other person and used for such other purposes as allowed under the laws of both Parties and authorized by the competent authority of the Party supplying the information.