Banking Secrecy Act

Banking Secrecy Act. The Federal Banking Act of 1934, also known as the 'Banking Secrecy Act', was passed in Switzerland, making it a haven for wealthy individ…

Location: Bundesplatz, Zurich, Switzerland

Year:

Category: hidden

The Federal Banking Act of 1934, also known as the 'Banking Secrecy Act', was passed in Switzerland, making it a haven for wealthy individuals and organizations seeking to keep their financial dealings private. This law has been both a blessing and a curse for Swiss banks, as it has attracted a lot of dirty money and illicit activities over the years.

Source: Talk about how the recent Credit Suisse collapsed

Banking Secrecy Act — Zurich, Canton of Zurich

📍

ZüriMap

Hidden stories of Zurich beneath your feet

We'll need your location to find nearby facts

Facts are sourced from various open websites and may have been edited. Copyright of original content belongs to their respective owners.

Finding your location…

1 / 1
Swipe up for more

Fact Map

😵

Oops!

Something went wrong.