Swiss Banking Secrecy

Conclusion

It cannot thus be claimed that Switzerland allows the concealment of assets of criminal origin under the blanket of banking secrecy. The fact that the banks are obliged to collaborate with the courts more actively that was the case in the past does not decrease the protection of privacy to which clients beyond approach are entitled.

• Banking Secrecy Has Never Been Absolute
• The Identity of the Client is Always Known to the Bank
• Origin and Raison d'etre of Banking Secrecy
• Domestic Law: Procedure
• Preserving Documents
• Marriage
• Protection of Personal Data
• Tax Authorities
• Foreign Banks
• Criminal Law
• Funds Derived From Drug-Trafficking
• The Exercise of Due Diligence
• The Fight against Money Laundering in the Financial Sector

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