Swiss Bank

Swiss Bank

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.
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Dukascopy Bank SA, an online Swiss FOREX banking service provider which created the cryptocurrency Dukascoin (DUK+), a first of its kind to be offered by a strictly regulated Swiss Bank under the supervision of the Swiss financial markets regulator FINMA, the company said.
Swiss bank's liabilities due to banks grew 22.26 percent to CHF881.06 million, or P46.24 billion in 2018, from CHF720.67 million or P37.82 billion in 2017.
His attorney Ganden Tethong said: "It was made clear by the court that Swiss bank secrecy law is not applicable to banks in countries outside of Switzerland.
'If we strictly interpret the law, future information after signing of the agreement would be available, but we would try our level best to get past information as well specifically details of Swiss bank accounts of Pakistanis,' he added.
Swiss bank Credit Suisse said on Friday it sees a maximum hit of 90 million Swiss francs ($94.1 million) from a British-Swiss tax deal aimed at sweeping Swiss banks clean of undeclared money held in accounts of UK clients.
There will be no immediate changes to the management of Merrill Lynch in Bahrain, after the global wealth management firm gets acquired by top Swiss bank Julius Baer, said a senior official.
MANAMA: There will be no immediate changes to the management of Merrill Lynch in Bahrain, after the global wealth management firm is set to be acquired by a Swiss bank.
Moreover, Swiss bank clients who are in the mid-range of fortunes and will not have the possibility of delocalising to Singapore, for instance, might therefore been seen as prisoners of the system.
Summary: Britain and Switzerland have struck an "historic" agreement that aims to break down some of the secrecy surrounding Swiss bank accounts and crack down on offshore tax evasion.
ZURICH/BERLIN, Sha'ban 30, 1432, Jul 31, 2011, SPA -- Switzerland and Germany will sign a deal to regularise untaxed money stashed in secret Swiss bank accounts on Aug.

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