When it comes to Swiss banks, you've all heard about them in movies and TV shows, from billionaires to the world's most wanted criminals and gang leaders, who are willing to put their money in Swiss banks, believing that it is safer than anywhere else. Anyone who has studied economics and finance knows that Swiss banks are one of the safest banks in the world, even now. Because the purpose of Swiss banks is to protect the privacy and security of customers, if the violation will be very strict penalties. Moreover, Switzerland is permanently neutral, a tradition that was established during World War II and continues to this day. What is so special about Swiss banks, which attract people from all over the world to save their money?
First of all, the confidentiality of Swiss banks is very high, it has its own legal restrictions, can not use any reason to disclose customer information to a third party, this high confidentiality principle is regarded by Swiss banks as the highest standard in the industry, even if you are the president of a country, will not give you customer information!
In addition, if there is a war, the assets deposited by customers in Swiss banks will not be affected in any way, because Switzerland is a permanently neutral country in the war, which guarantees that Switzerland will not be implicated in the war, and there are many political figures among the clients of Swiss banks, even if there is a war, it is estimated that they will be the first to think of ways.
In addition, the Swiss Bank has its own powerful military force, which can protect the property in the bank from loss. During the previous war, many of the mountains in Switzerland were hollowed out, and now these hollowed out mountains have been built into their own private vaults, which can be said to be impregnable. Above these three points, it can be said that Swiss banks become the safest bank in the world is no objection!
In 1713, the Geneva Parliament enacted a law that prohibited banks from disclosing depositor data to third parties without parliamentary approval, a precursor to the Swiss Bank Secrecy Act. In the 1930s, when the Nazi Party came to power in Germany, many Jews deposited their assets in Swiss banks, and at the same time, a number of French political and business celebrities were exposed to tax evasion with Swiss accounts, leading to a scandal, and Switzerland passed the Swiss Banking Law in 1934 to protect customer privacy and prohibit the leakage of bank customer information.
The law stipulates that depositors may open bank accounts under pseudonyms or code names, and bank employees may be liable to imprisonment for disclosing depositors' information. Many banks and employees of the confidentiality agreement is a lifetime system, after leaving the responsibility for confidentiality. Confidentiality is the supreme principle of Swiss banking, helping to protect the privacy of clients, but it has also become a tool for foreigners to evade taxes and become a target.
