Swiss Bank Accounts

'We welcome the Swiss government's steps to further strengthen their Too Big to Fail framework in light of last year's turmoil,' said FSB Secretary General John Schindler

This is fifth such annual exchange of information between Switzerland and India with officials saying that new details shared with Indian authorities pertain to "hundreds of financial accounts"

Credit Suisse crisis: Swiss government said it would provide $9 bn to help UBS meet the possible losses while taking over Credit Suisse, and Swiss National Bank will provide $100 bn of liquidity

India had received the first set of details from Switzerland under AEOI (Automatic Exchange of Information) in Sept

India has got the second set of Swiss bank account details of its nationals under the automatic exchange of information pact with Switzerland, marking a key milestone in the fight against black money

Vijaysingh and Rohini Patwardhan are listed as the only two directors of the company, while the RoC records show its status as 'active'

The Swiss government began making details of dormant accounts public in 2015 to allow their claimants submit necessary proof to get access to those funds, which included at least 10 accounts

The AEOI framework provides for exchange of information on active financial accounts and those accounts that were closed during 2018

Information on 2 million accounts just shared under new rules

Indians have few deposits in Swiss banks compared to global financial hubs: Swiss private bankers

From Sept '19, India will start getting financial info of Swiss banks' account holders on automatic basis

Swiss officials say a 'Ponzi' scheme may have been set up to conceal the alleged fraud

Deep in the Swiss Alps, next to an old airstrip suitable for landing Gulfstream and Falcon jets, is a vast bunker that holds what may be one of the world's largest stashes of gold. The entrance, protected by a guard in a bulletproof vest, is a small metal door set into a granite mountain face at the end of a narrow country lane. Behind two farther doors sits a 3.5-ton metal portal that opens only after a code is entered and an iris scan and a facial-recognition screen are performed. A maze of tunnels once used by Swiss armed forces lies within.The owner of this gold vault wants to remain anonymous for fear of compromising security, and he worries that even disclosing the name of his company might lead thieves his way. He's quick to dismiss questions about how carefully he vets clients but says many who come to him looking for a safe haven for their assets don't pass his sniff test. "For every client we take, we turn one or two away," he says. "We don't want problems."Demand for gold st

They don't have to report suspicious transactions to federal regulators