Swiss Banking Secrecy

Swiss Banking Secrecy. The Federal Banking Act of 1934 introduced the concept of confidentiality in Swiss banks, making them a safe haven for customers with hi…

Location: Zurich, Zurich, Switzerland

Year:

Category: hidden

The Federal Banking Act of 1934 introduced the concept of confidentiality in Swiss banks, making them a safe haven for customers with high confidentiality requirements. This law has been a cornerstone of the Swiss banking industry, attracting customers from around the world. The headquarters of Credit Suisse and UBS, two of the largest banks in Switzerland, are located in a square in Zurich, where they have been benefiting from this law for decades.

Source: Talk about how the recent Credit Suisse collapsed

Swiss Banking Secrecy — Zurich, Switzerland

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