Inside Swiss Banks’ Tax-Cheating Machinery

The wall Street Journal – October 22, 2015

Some Swiss banks loaded funds onto untraceable debit cards. At another, clients who wanted to transfer cash used code phrases such as “Can you download some tunes for us?” One bank allowed a client to convert Swiss francs into gold, which was then stored in a relative’s safe-deposit box.

Tax fraud, cheating, fiscal sleaze,
The “holes” in moldy Swiss banking cheese.

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