Swiss bank secrecy laws have become blurred after the US arrested a UBS banker for tax evasion. Could this be the beginning of the end of the country’s secret banking code? Stephanie Jarrett and Cindy Chambaud discuss
It is a popular view that Swiss bank secrecy attracts undeclared, illegal money – that it exists only for this purpose and that the need for its removal is self-evident. Many believe that the first steps to achieve this have been successfully taken, with the US Justice Department’s attack on UBS.
