National Bank Act of 23 December 1953 2 3. Decree of the Federal Parliament of 26 June 1930 3 on the Participation of the Swiss National Bank in the Bank for International Settlements 4. Decree of the Federal Parliament of 28 November 1996 4 on the Renewal of the Swiss National Bank’s Note-Issuing Privilege. II. The enactments below are

Jan 02, 2017 · Swiss banking secrecy nears end following new tax rules. Published Mon, Jan 2 2017 6:12 AM EST Updated Mon, Jan 2 2017 8:37 AM EST. David Reid @davyreid73. Banking Ordinance, BO (August 2017) Banking Ordinance, BO (August 2017) Unofficial translation of the ordinance on Banks and Savings Banks. a Swiss legal entity A further requirement is that an institution with a FinTech licence (persons under Article 1b of the Banking Act) must be a company limited by shares, a corporation with unlimited partners or a limited liability company and must have its registered office and conduct its business activities in Switzerland. By establishing and enforcing the Banking Act of 1934, Switzerland was able to maintain their position as a neutral state and prevent interference with private affairs. Another factor that led to the reinforcement of this federal law came during the reign of Hitler and the Nazi regime, when a German law was instated that deemed any German with

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.

Swiss banking secrecy has only been in existence since 1935, the year when the Swiss Banking Act was formally introduced. auditcommittee-institute.ch Erstaunlich Banking Act (CHAPTER 19) (Original Enactment: Act 41 of 1970) REVISED EDITION 2008 (31st March 2008) An Act to provide for the licensing and regulation of the Feb 08, 2015 · At HSBC’s Swiss bank, codenames – Painter, Mr Shaw, Captain Kirk and, in a nod to the Tintin books, Capitaine Haddock – were also used to disguise the identity of some clients. Swiss law Swiss Banking Secrecy Law Prior to 1934 Since the end of the nineteenth century, the practice of secrecy has been deeply rooted in Swiss banking activity. At the time, this practice was based on tradition rather than on a concrete law or set of laws. Sev-eral laws existed that could be used as a legal basis for the practice of banking secrecy.

Swiss Banking has long been associated with professional, discreet, secure banking. It is a jurisdiction renown for its neutrality and adherence to the principles of banking confidentiality.

Swiss Banking has long been associated with professional, discreet, secure banking. It is a jurisdiction renown for its neutrality and adherence to the principles of banking confidentiality.