Banking secrecy

This content was published on September 18, 2006 - 14:31

Swiss banking secrecy is intended to protect information concerning bank clients from access by third parties, whether private or official. The banks refer to it as bank client confidentiality. There are clear limits to banking secrecy. It is lifted if criminal activities are suspected. It will not, however, be lifted in cases of tax evasion. Contrary to popular belief, there have been no anonymous bank accounts in Switzerland for decades.

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