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Despite the regulations, numbered bank accounts by their very nature are more private than normal bank accounts. In Switzerland, for example, bankers are outlawed from disclosing whether or not an account is numbered to any governmental agency unless proof of deliberate fraud is established, not merely the non-reporting of assets in order to ...
The Da Vinci Code (2006): Robert Langdon opens a Swiss bank account at the Paris-based "Depository Bank of Zürich", a high-tech bank that allows clients to deposit and withdraw assets with complete anonymity. [173] The usage of this type of numbered bank account is illegal both in France and Switzerland. [116]
The law, coupled with a stable Swiss currency and international neutrality, prompted large capital flight to private Swiss accounts. During the 1940s, numbered bank accounts were introduced creating an enduring principle of bank secrecy that continues to be considered one of the main aspects of private banking globally.
That's a remarkable number considering the fact that it has become much harder to open a private Swiss bank account since the U.S. government's push against UBS two years ago to try to nab tax ...
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In the decades following the implementation of the law, Swiss banks were granted the right to use numbered bank accounts and protect client information through a variety of supplementary statutes. Despite significant and controversial global events straining the country's banking secrecy, its laws have been revised minimally and to little ...
Barclays Bank (Suisse) SA, Geneva; Barclays Capital, Zurich Branch of Barclays Bank PLC, London; HSBC Private Bank (Suisse) SA, Geneva; IG Bank S.A., Geneva; Lloyds Bank plc, Londres, succursale de Genève, Geneva *Standard Chartered Bank (Switzerland) SA (No offices anymore in Switzerland)
It's common knowledge, at least in the U.S., that you should have a bank account to keep your money in a safe, secure place. Having multiple bank accounts can help you keep things separate, making ...