Quote:
Originally Posted by abdulzabak
very true, main advantage of Swiss banks is, that they will not exchange data about clients with any non-Swiss regulator, tax office, government etc.
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Sadly, not quite true any longer
What happens is govts tell lies and a Swiss court will order the opening of an account based on the lies of a foreign govt.
The upside and good news is... Swiss courts and banks no longer trust lying foreign governments and that scenario may be improving.
The classic case was.. forget the name... a US person, where the US requested opening of his bank account in Switzerland for some relatively obscure reason. That horse never ran with the Swiss, so three months later, the US came back with a story that the guy was a drugs dealer, pedo, arms trafficking and hell knows what else - and his account was opened.
When it came to a trial in the US, the Swiss bank had representatives in court. They were astounded that no mention was ever made of drugs, pedo activity or arms trafficking
