numbered account

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.

Swiss banking spokesman: Swiss News meets James Nason, head of international communications for the Swiss Banking Association, the trade associations for banks

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).

Saver win puts Maria's Mon in elite group; HISTORY MAKER Stallion scores another Kentucky Derby success

Are numbered accounts loopholes for criminals to hide illegally obtained fund?

Secrecy still remains the key to the Swiss account

He was charged five years ago with helping about 17,000 Americans to conceal USD20bn in numbered accounts at the bank.

Former UBS executive to enter plea in tax fraud case

He said some of them have voluntarily disclosed their numbered accounts following which they were served notices under Section 148 of the Income Tax Act.

SWISS BANK ACCOUNT HOLDERS

Only secret numbered accounts in many banks prevents the law tracing the money trail to reveal their thievery.

Bank system needs an honesty overhaul; YOUR LETTERS TO THE NATIONAL NEWSPAPER OF WALES

EQUIPMENT LIST IS AVAILABLE ALONG WITH LIST OF NUMBERED ACCOUNTS.

Business For Sale; 07 -- Agricultural Services; LAWN BIZ RESIDENTIAL

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.