| Switzerland is the world's largest
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| | banking or in other commerce. All banking
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| offshore financial center; larger than
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| | Employees must sign the secrecy portion
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| London, New York or even Frankfurt.
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| | of the banking act as a condition of
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| The Swiss banking sector as a whole has
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| | employment. The banking act also adds a
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| established this dominant position
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| | special section making it a criminal
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| through a long tradition of political,
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| | offense, with the possibility of jail,
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| economic and financial stability and some
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| | time for any employee or agent who has
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| key principles, one of which is Swiss
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| | been deemed to have improperly divulged
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| banking secrecy.
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| | any confidential information. These
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| Swiss bankers have also built a solid
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| | portions of the banking law have been
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| reputation for managing investment
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| | interpreted, both in practice and by the
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| portfolios for their clients and
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| | courts, to make it a serious offense to
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| providing a wide array of services such
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| | divulge any information about a bank
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| as estate planning, wealth management,
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| | customer to a third party, including
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| trust companies, Gold numismatics,
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| | official requests from foreign
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| Derivatives and confidential brokerage
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| | governments.
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| accounts.
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| | It's no small wonder that Swiss bankers
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| Swiss law is especially strict about any
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| | are very popular in the world of offshore
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| breech of confidentiality, whether in
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| | banking.
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