Oct 19, 2018 · Overseas bank units not subject to Swiss secrecy laws: court Information on 2 million accounts just shared under new rules LISTEN TO ARTICLE. 4:09. SHARE THIS ARTICLE. Share
Swiss whistleblower guilty of breaching bank secrecy A Swiss court today found former banker Rudolf Elmer,who handed over secret data to whistleblowing website Wikileaks,guilty of breaching bank secrecy laws and handed down a suspended fine. A judge said the 55-year-old former chief operating officer at private bank Julius Baer’s subsidiary in the Cayman Islands was found guilty of seeking to A Top Swiss Bank Settles a Decade After Secrecy Began to Aug 14, 2018 The Biggest Story in Banking, Thanks to IRS Mar 21, 2012 Swiss top court knocks down bid to extend banking secrecy
Swiss to Review Banking Secrecy Laws By David Crawford. Updated March 7, 2009 12:01 am ET Switzerland's government on Friday gave a panel two weeks …
For information on global bank secrecy laws, see Practice Note, Global Bank Secrecy Laws: Overview and Global Bank Secrecy Toolkit (W-002-8052). CUSTOMER DATA DISCLOSURE LAWS Article 47 of the Swiss Federal Act on Banks and Savings Banks (in Swiss) (Banking Act) is the primary law governing bank secrecy in Switzerland. 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.
The move helped along a sudden trend among havens of banking secrecy: The Swiss decision was mirrored Friday by Austria and Luxembourg, two other European countries with strong bank secrecy laws.
The Biggest Story in Banking, Thanks to IRS Mar 21, 2012 Swiss top court knocks down bid to extend banking secrecy