Limits To Bank Secrecy. The relationship between client and Bank is based on contract law which is a priority for the definition of banking secrecy and Article 47 of the Federal Law on Banks and Saving Banks is subsidiary to contractual banking secrecy.
HOW TO OPEN A BANK ACCOUNT IN SWITZERLAND Corporate account - company name and a full set of registration documents (original or apostilled) - description of the field of activity - description of the economic origin of funds - name and date of birth, address and contact details of the signatory - banking needs: - currency of account The Origins of the Swiss Banking Secrecy Law and Its Swiss Banking Secrecy Law Prior to 1934 Since the end of the nineteenth century, the practice of secrecy has been deeply rooted in Swiss banking activity. At the time, this practice was based on tradition rather than on a concrete law or set of laws. Sev-eral laws existed that could be used as a legal basis for the practice of banking secrecy. Swiss Bank Secrecy is Dead - Again! - Premier Offshore
HOW TO OPEN A BANK ACCOUNT IN SWITZERLAND Corporate account - company name and a full set of registration documents (original or apostilled) - description of the field of activity - description of the economic origin of funds - name and date of birth, address and contact details of the signatory - banking needs: - currency of account
End of Swiss banking secrecy in sight - The NEWS Oct 08, 2014 Agreement nears in German-Swiss bank secrecy spying case A court case that has pitted Swiss bank secrecy against German fiscal propriety looked close to being settled on Thursday with a suspended jail sentence and modest fine for a 54-year-old former
Oct 10, 2018 · Switzerland's highest court ruled on Wednesday that prosecutors cannot extend Swiss banking secrecy rules to all corners of the globe to pursue whistleblowers and other leakers at foreign
ACCOUNT IN SWITZERLAND Corporate account - company name and a full set of registration documents (original or apostilled) - description of the field of activity - description of the economic origin of funds - name and date of birth, address and contact details of the signatory - banking needs: - currency of account, - preferred language, Switzerland is in the top 5 of the largest foreign exchange reserves behind China, Japan, Saudi Arabia and Russia. This sector, characterized by its stability and discretion stemming from banking secrecy, which dates back to the Middle Ages, is the country’s reputation abroad. That is why Switzerland attracts large amounts of offshore capital. Limits To Bank Secrecy. The relationship between client and Bank is based on contract law which is a priority for the definition of banking secrecy and Article 47 of the Federal Law on Banks and Saving Banks is subsidiary to contractual banking secrecy. ZURICH, Feb 20: Switzerland was feeling the heat on banking secrecy on Friday after the United States stepped up its high-stakes tax probe against the biggest Swiss bank, UBS.