Swiss banks are known for their secrecy and privacy, which has attracted both legitimate and illegitimate customers. Swiss bank secrecy has been eroding in recent years due to international pressure to crack down on tax evasion and money laundering. Swiss banks are now required to share more information with foreign tax authorities. The future of Swiss banking is likely to involve more transparency and compliance with international standards. RUclips
Swiss banks are known for their secrecy and privacy, which has attracted both legitimate and illegitimate customers.
Swiss bank secrecy has been eroding in recent years due to international pressure to crack down on tax evasion and money laundering.
Swiss banks are now required to share more information with foreign tax authorities.
The future of Swiss banking is likely to involve more transparency and compliance with international standards.
RUclips
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