Legal Opinion: Permissibility of disclosure by Swiss banks of bank client information to agents in foreign countries un-der article 47 of the Banking Act (BA) (Walder Wyss AG) de en fr Legal Opinion: Use of Cloud Offerings by Banks: Admissibility under Art. 47 Banking Act (Laux Lawyers AG)

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 The Swiss Bankers Association (SBA) is the leading organization of the Swiss financial center. The main objective of the SBA is to maintain and promote an optimal environment at home and abroad for the financial center Switzerland. 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

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

The office of the Swiss Banking Ombudsman, founded in 1993, is sponsored by the Swiss Banking Ombudsman Foundation, which was established by the Swiss Bankers Association. The ombudsman's services, which are offered free of charge, include mediation and assistance to persons searching for dormant assets. In Switzerland, as in many other countries, the financial sector belongs to the most strictly regulated branches of the national economy. Banking and financial sector regulation plays a correspondingly important role in determining the attractiveness of a location for financial services. A Swiss bank account is an account that any person can open at a bank in Switzerland (including cantonal banks). The account is identified by a number rather than the client’s name in order to keep the identity of the account holder anonymous.

Legal Opinion: Permissibility of disclosure by Swiss banks of bank client information to agents in foreign countries un-der article 47 of the Banking Act (BA) (Walder Wyss AG) de en fr Legal Opinion: Use of Cloud Offerings by Banks: Admissibility under Art. 47 Banking Act (Laux Lawyers AG)

Banking Act (CHAPTER 19) Status: Current version as at 20 Jul 2020 Print . Banking Act. Status: Current version as at 20 Jul 2020 .