Does Swiss banking secrecy provide protection to criminals?
No. Swiss banking secrecy has never been absolute. Swiss banks and their managers are required to maintain the ethical highest standards, in particular within the framework of a penal procedure against one of their clients, whether the offence was made in Switzerland or abroad. On the international level, Switzerland is spearheading an effective battle against organized crime and money laundering, making Switzerland among the most “clean” countries for financial transactions.
