Jun 09, 2020
Swiss banking secrecy - not so secret | News | Law Gazette Swiss banking secrecy - not so secret. There is a general public perception that individuals and companies using Swiss bank accounts to hide the proceeds of fraud do so with the full protection of HSBC files: how a 1934 Swiss law enshrined secrecy Feb 08, 2015 Bank Secrecy - Swiss Banking Act of 1934 | Swiss Banking Famous quotes containing the words banking, act and/or swiss: “ One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic. Switzerland– WashLaw Web
The law was enacted in large part because both Germany and France attempted to press Swiss banks into divulging depositor information in the name of the "good of the state." This federal law clearly stated that bank secrecy fell within the criminal domain, meaning any banker who divulged bank client information was punishable by imprisonment.
Switzerland– WashLaw Web
Feb 08, 2015
Famous quotes containing the words banking, act and/or swiss: “ One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic. Switzerland– WashLaw Web "The Guide to Law Online is an annotated compendium of sources accessible through the Internet. Links provide access to primary documents, legal commentary," and more. Switzerland Government From Nationmaster.com. Switzerland's Government From Abacci Atlas. Arbitration Law. Swiss Arbitration Society (ASA) Banking Law Banking : Law360 : Legal News & Analysis 9 hours ago · A Swiss court rejected UBS Group's bid to block the transfer to France of client data that the banking giant says could undermine its appeal of a €4.5 billion ($5.1 billion) penalty for helping