Monday, October 28, 2013

"Some 1,000 Swiss bankers no longer dare to go to the United States, or even travel abroad,"

As an American hunt for tax evaders and their accomplices gains momentum, many Swiss bankers are afraid to go abroad for fear of arrest, one business leader said in an interview published Sunday.

"In my opinion, some 1,000 Swiss bankers no longer dare to go to the United States, or even travel abroad," Martin Naville, the head of the Swiss-American Chamber of Commerce, was quoted as saying by Le Matin Dimanche weekly.

Swiss banks and industry representatives are increasingly cautioning bankers who have worked with American clients to refrain from travelling outside Switzerland, the paper reported.

Swiss banks are believed to have accepted tens of billions of undeclared dollars from US citizens, though they now refuse such money, and a number of banks are under investigation by Uncle Sam.

 The US has not made public which individual bankers it is probing, but according to Le Matin Dimanche, about 30 names are on the list. Full story...

Related posts:
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  2. Swiss banks face hefty fines under US tax deal...
  3. UBS agrees to pay $50 million mortgage fine in US...
  4. Three ex-UBS bankers sentenced to jail in US...
  5. US may target Swiss bankers travelling in Europe...

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