I have to write a paper on "How secret the Swiss banks are?" and "Why are they successful to protect the identities of their clients, among them many criminals" I have refered to many books; none of them gives a satisfactory answere to the above questions. Can you suggest a site, book, journal... which deals directly with different aspects of the above questions?
2007-03-22 19:00:57 · 4 answers · asked by hosayn p 1 in Politics & Government ➔ Law & Ethics
Actually there is no difference in secrecy to other countries like Luxemburg or Austria or Great Britain. Only Germany has an extended data transfer of all bank customers to the state authorities.
It's impossible to have an account in Switzerland without the bank knowing the holder and the source of the money (if larger amounts)!
The only real difference in Switzerland is, that there must be a major crime that the court can force a bank to give all account details. Tax fraud is not seen as a major crime as long as no forgery of documents is involved. Simply "forgetting" to pay tax on a sum of money is not enough to break through bank secrecy.
Greetings from Switzerland - have worked in a bank myself.
2007-03-23 10:51:47 · answer #1 · answered by swissnick 7 · 0⤊ 0⤋
Those are all secret.
-- start with Wikipedia under Swiss Banking and investigate the Law of 1934.
2007-03-22 19:13:18 · answer #2 · answered by Your Teeth or Mine? 5 · 0⤊ 0⤋
Start with the laws of Switzerland.
Much of their ability to keep things secret is based on the laws of the country where they are based.
2007-03-22 19:09:53 · answer #3 · answered by coragryph 7 · 0⤊ 0⤋
Here are most of the answers you are looking for: http://www.swconsult.ch/chbanks/faq.htm
2007-03-23 10:22:45 · answer #4 · answered by randomdude 3 · 0⤊ 0⤋