Era of bank secrecy ends as Swiss start sharing account data | Reuters

in #dlike6 years ago

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The era of mystery-cloaked numbered Swiss bank accounts has officially come to a close as Switzerland, the world's biggest center for managing offshore wealth, began automatically sharing client data with tax authorities in dozens of other countries.

 

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Lucky for me, I am not hiding my stash in Switzerland. :D


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Me neither.  Nor do I have it in the Caymans.

 

Banking is changing.  Unlike most countries, it seems like the Swiss are adapting, trying to become a global leader in blockchain and crypto. 

 

Smart move on their part.

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