The Dhaka Times Desk We see all the time that the world's richest people keep their money in Swiss banks. That money may be legal or illegal. But there are many other banks in the world, so why is Swiss Bank so preferred by the rich?
Most of the world's rich choose Swiss banks to keep their money. But why the choice of Swiss Bank Soccer is unknown to many. But naturally we all know that behind the bank's reputation is maintaining the privacy of its customers. The bank authorities do not reveal the information about who has deposited how much money very easily.
Michel de Robert, head of the Association of Swiss Private Bankers, previously told the BBC that, just as a doctor or lawyer is committed to maintaining confidentiality about his patient or client, they also strive to maintain confidentiality about their customers.
That's why the world's tiger rich people flock to this bank. Due to which this bank has become a major center of banking services in the world. Where there are more than three hundred banks and financial service institutions. Credit Suisse and UBS are the biggest among them.
It is often heard that Swiss banks can open an account without a name! However, its authorities said that it has no basis in reality. They said, there is no such thing in their bank at all.
However, even if the customer's account number is mentioned, they have all the information including the full name and address of the account holder. Only a limited number of people in that bank will know the identity of the customer. However, in recent years, Swiss bank authorities have relaxed the privacy policy somewhat. In the face of pressure from different countries of the world, they were finally forced to withdraw from their position.
But is there only a matter of privacy in the Swiss bank? No, there are several other factors, which are why there is so much interest in Swiss banks. It is known that many people choose Swiss banks for tax evasion. Many people also do this to keep the money earned through corruption or crime. There are many corrupt politicians, businessmen or celebrities all over the world who have laundered their money in Swiss banks. Such news has been published many times in the media in the past decades. Due to which the pressure on the bank has increased repeatedly.
In the 1930s in Germany, when the Jews were in the face of the Nazi purges; It was then that the Swiss banks began their business of keeping Jewish money in secret bank accounts.
According to media reports, the Consumer Privacy Protection Act was enacted in 1934. Some French politicians and businessmen keep their huge sums in Swiss banks. That information was leaked from the bank. Swiss banks then took this step to protect the privacy of their customers. Taking advantage of this privacy law, Swiss banks blossomed overnight. From corrupt Third World dictators to US tax evaders, wealthy businessmen choose these Swiss banks to stash their money.
The tiger politicians of the world also take refuge under the umbrella of the bank. Taxpayers illegally deposit all money in this Swiss bank. Because they know that if they keep money in this bank, no one will know how much money is kept. The bank has become an acceptable bank for the rich people of the world due to its security and taxation benefits. And that is the real truth.
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