Banks and authorities in Greece are teaming up to try to create an asset register for debtors, including tracking money that was sent abroad over the last five years time, ekathimerini.com reported.

The program will be executed via an online platform which will be set up by the Independent Authority for Public Revenue and the commercial banks, the Special Secretariat for Private Debt Management.

One of the most crucial aspects of the platform is that it will be able to track money sent abroad to be deposited in foreign bank accounts.

It will also record corporations’ debts, borrowers dues and the assets owned by any specific debtors which will include things such as deposits, investments, and real estate properties.

Source: greece.greekreporter.com