Myths about banks Home > Swiss Residency > Residence permits > FAQ > General questions > Foreign communitiesThe purpose of this page is to dispel any myths about Swiss banks. Swiss banks harbor money from the Mafia Like many other countries, Switzerland was forced to clean up its banks
during the 80's. That is all in the past now, and we can safely say that Switzerland
is not a popular banking destination with the Mafia by any means. The banks
carefully examine any request to open a new account, and when the situation
is not clear, they apply the trusty Micheloud & Cie adage: When there
is a doubt, there's no doubt. Even once the account is open and the client
is well known, the bank will still freeze an account if it feels that there
is suspicious activity - it is up to the client to explain the situation if
he or she wants to recuperate the money. The few cases where a criminal is suspected of depositing funds in our country are treated quickly and effectively by the public attorney, and the publicity surrounding the affair is not generated to encourage other criminals from heading to our banks - far from it. You can open an anonymous account in Switzerland Anonymous accounts have not existed in Switzerland for ages - the banker must always know the depositor's identity, as well as the owner of the funds if they are not the same person. And if the account is opened under a firm? It's the same thing, the name of the beneficial owner must be disclosed. If what you say is true, then why are there scandals from time to time? Like everywhere, there are always a few dishonest people, and it is unfortunately unavoidable. Take the situation in the USA - the country with the strictest laws in the world on money laundering nevertheless experiences massive money laundering affairs from time to time. |