Swiss relax bank secrecy
It is becoming interesting 
:):)
The oldest money laundry in the world (besidas Vatican) is about to be shut
Nothing will happen. See what happened at Cyprus - only the small got hit. Besides, that is limited to American citizens and they (who are doing that sort of things) are not crazy to launder their money directly into one bank - first goes the dance through a couple of banks unreachable by acts like these, and in the end not even the owner is too sure what is the name used for his account
I know, I know ...
They will just find another way to do it
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The Swiss government is allowing its nation's banks to reveal some customer information to U.S. authorities that they were previously prohibited from revealing, an important step in settling tax disputes between the nations.
U.S. authorities have been pushing for information on Americans who use Swiss bank accounts to avoid taxes. The Swiss Federal Council, which is the executive branch of the Swiss government, says the new rules are important for the country's banks to put the tax cases behind them.
"If banks were not authorized to cooperate with the U.S. authorities, the initiation of further criminal investigations or charges concerning banking institutions could not be ruled out. The uncertainty for the financial center would continue to exist," said the statement from the Federal Council. It said it issued the new rules, which will go before the Swiss parliament, because U.S. authorities are no longer willing to wait before taking action against Swiss banks.
Neither the U.S. Treasury nor Justice departments had any comment on the announcement out of Switzerland.
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