Monday, January 9, 2012

Privacy of banking in Switzerland


Swiss bank secrecy does not protect private banking information. The protection provided by Swiss law is similar to confidentiality protections between doctors and patients or between lawyers and their clients. The Swiss government considers the right to privacy as a fundamental principle that must be protected by all countries.
While secrecy is protected, in practice all bank accounts are linked to an identified individual, and a prosecutor or a judge may issue an "exclusion order" to allow access and law enforcement to relevant information a criminal investigation.




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