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Showing posts from January 21, 2020

Why swiss Bank is Famous for Black Money?

Hello everyone, here we are going to talk about Swiss Bank. When a person hear the name of this bank the only thing that come to our mind is Black Money. When any kind Fraud occur we hear the name of Swiss Bank and Government also tell that he is going to bring all the black money from Swiss Bank. Swiss Bank is located  in Switzerland and was established in 1872 as Basler bankverein. According to Switzerland banking law bank officials cannot disclose the name of account holder name unless and until Swiss court order them. Swiss court give the order only when there is a criminal charge on account holder name for example money laundering, fraud etc. The account in Swiss Bank are secretive account. Anyone who open a bank account in Swiss Bank he has to complete his KYC as normal bank do. But they never reveal the identity and address of account holders name. The account is in coded digits. In bank statement the account holder name is also not disclosed to any one. Here Swiss B