How safe are Swiss banks

[italkcash]

So how safe are Swiss banks actually? The rumor and secrecy surrounding these banks for several years has gained a reputation of being perfectly safe for hiding money. This is also true to some extend!

Swiss banks has changed their approach toward business people lately. The terrorists attack on WTC changed everything in the world and rules are tight today. If someone comes from countries blacklisted by the UN obtaining a bank account in Switzerland is almost impossible.

Secondly if the transfers are from dubious countries and seems like they involve arms trade, drugs or money laundering the banks are better at closing the account today and freezing all assets.

Although Swiss banks did not gain their reputation for nothing. Today they still stand as the most safe haven in the world, providing asset protection to some of the richest families in the world and functions as wealth management and saving for many families through generations.

One thing is for sure, once you get in a Swiss bank and obtain an account, you are almost sure to keep it if your business does not involve doing illegal practices, and illegal does not mean tax evasion, that is still the holy grail and will be so for many many years.

[mandiees]

Pretty sure Swiss banks define the security processes used by other banks... They still seem to be the best bank to use, no matter which country you reside in.

[eyes4]

While safe, the privacy/anonymity feature is being eroded quickly.

Governments are cooperating with each other and pressure is being brought by "whistle blowers", government spies, and other industry insiders to open up the once very private banking system in Switzerland.

Of course, the system is being ruined for us all by people, States, and organizations who have attempted to skirt law. Calls for transparency follow. Unfortunately, true privacy is a waning luxury.

eyes4