numbered account


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Numbered Account

A bank account in which the owner is identified by a number instead of a name. Numbered accounts are used for discretion, and have a reputation of protecting money launderers and other criminals. Until recently, numbered accounts were almost exclusively used in the Swiss banking system.

numbered account

An account identified by something other than the owner's name.
References in periodicals archive ?
You cannot be anonymous, If criminal proceedings start against you, a numbered account offers you no privileges, If, for example, a cantonal judge or the Swiss attorney general walks through the bank's door wanting information in regard to a crime, bank-client confidentiality simply evaporates.
In the case of Super Saver, another two doses of La Troienne are present via his fourth dam, the Buckpasser mare Numbered Account, through Busanda and Striking (who also appears in the third generation of Seattle Slew's dam, My Charmer).
There is no difference between an ordinary account and a numbered account with regard to the information that has to be provided in order to open such an account.
He was charged five years ago with helping about 17,000 Americans to conceal USD20bn in numbered accounts at the bank.
Only secret numbered accounts in many banks prevents the law tracing the money trail to reveal their thievery.
EQUIPMENT LIST IS AVAILABLE ALONG WITH LIST OF NUMBERED ACCOUNTS.
Rafael Trujillo, for example, made off with an estimated $140 million from the Dominican Republic; Juan Peron stuffed at least $140 million into Swiss accounts: Haile Selassie's legendary $6 billion hoard may be grossly exaggerated, but he was still able to withdraw $600 million from his own accounts to help finance Ethiopia's war with Somalia: the Shah of Iran and Mobuto Sese Seko of Zaire managed to expatriate huge amounts of cash to numbered accounts in Europe.