Friday, June 7, 2013

BANKING SECRECY.

SWISS GROUP MOVES TO DEFEND BANKING SECRECY.

A group of right wing Swiss politicians  launched a campaign to defend the country's
banking secrecy,which has come under international pressure amidst the fight
against tax evasion.The campaign coalition  officially launched a drive to collect
signatures on putting the issue to referendum, another corner stone of the Alpine
country's system.Under the banner" yes to protecting Privacy",the coalition said,
the banking secrecy must be anchored in the Swiss constitution.

Source: Global Financial Integrity/  Business Times Singapore.

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