It is widely believed that dishonest politicians of all countries keep their money in Swiss Banks and they provide protection to such money
2006-12-24 00:49:42 · 4 answers · asked by J.SWAMY I ఇ జ స్వామి 7 in Business & Finance ➔ Personal Finance
It is widely held view that these banks accept and encourage money laundering .
2006-12-26 16:10:43 · update #1
Swiss banks provide secrecy to money owners details. So it is very good for depositing illegal money. Swiss banks keep money and money owners detail secret, not illegal money. Its the depositors who deposit large sums most of which are from shady deals and scams.
2006-12-27 16:03:53 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Your information is not correct. Switzerland has one of the strongest anti money-laundering laws in the world.
If you do a little bit research you will find dozens of case in which Swiss banks returned illegal money from dishonest politicians to the relevant country.
2006-12-27 06:18:15 · answer #2 · answered by Stefan 4 · 0⤊ 0⤋
Yes, they keep those money, unless their bosses said otherwise.
Their bosses are also the bosses of these dishonest politicians and international financial organizations who are into 'anti money laundering' activities.
2006-12-24 09:32:13 · answer #3 · answered by E A C 6 · 0⤊ 1⤋
they will keep anyones money They don't question where it comes from
2006-12-24 08:57:55 · answer #4 · answered by ngo 2 · 0⤊ 1⤋