Jul 31, 2015 · Hillary Clinton and secret Swiss bank accounts By Patrick Martin 31 July 2015 A lengthy report in the Wall Street Journal Thursday details Hillary Clinton’s actions while US secretary of state

Aug 12, 2016 · Crime writers and Hollywood producers take note: Secret Swiss bank accounts aren’t so secret anymore. Switzerland’s reputation for tight-lipped discretion made it a magnet for money from ­James Bond enters a Swiss bank in Spain and is frisked before he can meet with the banker. In the "Da Vinci Code," a triangular-shaped key activates a robotic arm that pulls a safety deposit box from the wall in a Swiss bank in Paris to ultimately reveal the secret to Christianity. Bank secrecy in the Swiss region can be traced to the Great Council of Geneva which outlawed the disclosure of information about the European upper class in 1713. As a way of avoiding the Protestant banking system, Catholic French Kings deposited their holdings in Geneva accounts. Numbered bank accounts are bank accounts where the identity of the holder is replaced with a multi-digit number known only to the client and select private bankers. Although these accounts do add another layer of banking secrecy, they are not completely anonymous as the name of the client is still recorded by the bank and subject to limited, warranted disclosure. Nov 03, 2018 · Although many secret bank accounts hide a darker secret, some secret bank accounts are opened with lighter purposes. For example, you may want to save for a big gift or a special surprise without These types of accounts give more bank secrecy as compared to Swiss banking practices which nowadays calls for disclosure of identity and assessment of personal assets, due to G20 pressure against so-called tax havens and overseas anonymous bank account.

Feb 09, 2015 · Document Leak Reveals Secret Swiss Bank Accounts For years the Swiss banking industry has been under pressure to get out of the tax evasion business. A trove of documents released by a former

Numbered bank accounts are bank accounts where the identity of the holder is replaced with a multi-digit number known only to the client and select private bankers. Although these accounts do add another layer of banking secrecy, they are not completely anonymous as the name of the client is still recorded by the bank and subject to limited, warranted disclosure. Nov 03, 2018 · Although many secret bank accounts hide a darker secret, some secret bank accounts are opened with lighter purposes. For example, you may want to save for a big gift or a special surprise without

Oct 05, 2018 · The era of mystery-cloaked numbered Swiss bank accounts has officially come to a close as Switzerland, the world's biggest center for managing offshore wealth, began automatically sharing client

Mar 03, 2015 · This is far from the first time Swiss bank accounts have been in the news: the “secret Swiss account,” is proverbial as the last resort of tax cheats, gangsters, dictators, and other unsavory characters. Why is this so? Sébastien Guex reveals the origins of the Swiss banking secrecy laws in this eye-opening article in Business History Secret Accounts: Which Armenians Held Money in HSBC’s Private Swiss Bank? A financial scandal of international proportions erupted after Hervé Falciani, then an employee of HSBC’s Swiss Private Bank, smuggled out the names of over 100,000 individual and corporate bank customers with secret accounts set up for tax evasion and more nefarious Feb 19, 2009 · The secrecy dam of Swiss banking is finally breaking. As part of a $780 million settlement with the U.S. Internal Revenue Service, Switzerland's largest bank, UBS, is going to release the names of Apr 04, 2014 · Back in 1997, Fortune magazine ran an article about the famous Swiss numbered accounts that told of the need to deposit $100,000 and pay about $300 a year in fees to enjoy the benefits of bank secrecy with a numbered Swiss account. The writer suggested that “cloak-and-dagger secrecy doesn’t come cheap.” The Swiss government, serving as the political agent of the Swiss banks, wanted to curb the forced disclosure of information by UBS. A deal was worked out. In return for Swiss action on its concerns, the US government agreed to a legal settlement with UBS that limited disclosure to information on 4,450 accounts, less than 10 percent of the Sep 30, 2016 · The bottom line: Swiss bank accounts aren’t so secret anymore, but gold storage remains under the radar. Published on September 30, 2016, 3:00 AM EDT Have a confidential tip for our reporters?