Swiss banks have been synonymous with secrecy for decades, conjuring up visions of vast riches safely held in mountain vaults. It’s a strong brand — one Switzerland’s government does everything it can to protect.
But what’s good for the banks’ wealthy clients can be bad for everyone else. When corrupt politicians or organized criminals turn to Switzerland to keep their money safe from prying eyes, the victims of their crimes will likely never see it again. And once dirty money makes it into a Swiss bank account, it’s free to go anywhere.
Switzerland’s draconian banking secrecy laws have made it nearly impossible for other governments or journalists to hold the industry to account. Until now.
Read the OCCRP reports