except for a very few procedural differences.
They do not disclose identities of their clients to anyone without a court order, which is granted
ONLY in case of criminal cases which does NOT include tax evasion because tax evasion is
considered as a civil case not a criminal case in Switzerland.
It is used almost exclusively for storing LEGAL money which people earned to save
themselves from unfavorable economic or political circumstances at home or high tax rates.
Banking system worked great even during world wars
Money launderers however use it because once it passes from Swiss banking system , there is
no past of the money.
Opening a bank account is almost as simple as opening one in your local bank, go there, open
account, and make a deposit. That’s it.
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