Re: Barnier Demands a Veto on UK Laws
Originally Posted by
Percy Vere
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What a threat, or treat, that would be
What is the one certainty in switzerland? Swiss banking secrecy was first codified with the Banking Act of 1934, thus making it a crime to disclose client information to third parties without a client's consent. The law, coupled with a stable Swiss currency and international neutrality, prompted large capital flight to private Swiss accounts.