Swiss Bank(redirected from Banking in Switzerland)
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A bank based in Switzerland. Swiss banks are famous worldwide for their secrecy, which is mandated by Swiss law. This secrecy has resulted in a great deal of laundered and other illegal money to be deposited in Swiss accounts. Historically, this has formed a significant portion of the Swiss banking sector. However, the secrecy is not absolute and may be lifted by following appropriate procedures. See also: CHF, Gnomes of Zurich.