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 ?
A wonderful tribute to the value of Gyrus' innovative technology, you might think, except that an unexplained $600m went in mysterious commission payments to numbered bank accounts in very dodgy places.
On the other hand you could be thinking of the old League of Nations, Swiss neutrality and, of course, Swiss numbered bank accounts with their legendary discretion, but what you've never ever thought of before, I'll wager, is Swiss banks going bust.
Accountant Svetlana sat in London's Southwark crown court as Judge Andrew Goymer was told her husband channelled massive amounts of cash into numbered bank accounts in Singapore, Budapest, Cyprus and Jersey.
The offshore system started with the Swiss, who in the 1930s opened numbered bank accounts purportedly only to hide the money of victims of the Nazis.
''He should not be like the (former) Shah of Iran, roaming around the world, or some of the Latino dictators of the Marcos era, checking on their numbered bank accounts somewhere,'' Ramos said.
She claims that the Hollywood heart-throb has stashed away millions in secret numbered bank accounts in Switzerland and the Cayman Islands.