Swiss Banking Secrecy

Swiss Banking Secrecy. The Federal Banking Act of 1934, passed in Switzerland, ensured strict banking secrecy, making Swiss banks, including those in Zurich, a…

Location: Bundesplatz, Zurich, Switzerland

Year:

Category: hidden

The Federal Banking Act of 1934, passed in Switzerland, ensured strict banking secrecy, making Swiss banks, including those in Zurich, attractive to clients seeking confidentiality, including those with potentially illicit funds.

Source: Talk about how the recent Credit Suisse collapsed

Swiss Banking Secrecy — Zurich, Canton of Zurich

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