SWISS SECRET CRIMINAL BANKING HAS BEEN CAUGHT FUNDING WARS AND CRIMINAL ACTIVITIES FOR OVER A CENTURY
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Banking in Switzerland and Swiss Finance Sector is 11.6% of the Economy (GDP)
Swiss money laundering has been a specialty. The SWISS Money Laundering Act sets forth requirements of account holders’ identification, and requires reporting of any suspicious transactions to the Money Laundering Reporting Office. But CIA World Factbook, says Switzerland is “a major international financial center vulnerable to the layering and integration stages of money laundering; despite significant legislation and reporting requirements, secrecy rules persist and nonresidents are permitted to conduct business through offshore entities and various intermediaries…”. In some cases Swiss have assisted the FBI in anti-terrorism targeting financing of Al-Qaeda terrorist cells. BUT THE SUPER-RICH MONEY LAUNDERING CONTINUES.
Swiss bank Criminals were dealt a SEVERE BLOW when an ex-UBS banker Bradley Birkenfeld blew the whistle on UBS providing Americans & American Based corporations with TOOLS to hide up to US$20 billion in assets to avoid taxes. A massive FRAUD investigation of UBS was begun and found DRUG MONEY LAUNDERING AND MASSIVE TAD-DODGING.
2008 As a result of UBS being caught in the FRAUD NOT ONE PERSON WENT TO PRISON but UBS ceased cross-border private banking services to US-domiciled (US ONLY amazing criminals in Switzerland) clients through its non-US regulated units as of July 2008.
2008 U.S. federal grand jury indicted Birkenfeld’s former boss, Raoul Weil, as the result of the investigation of UBS’ U.S. cross-border business, but so far nobody has gone to PRISON and UBS finally cut ties to WEIL AS IF HE WAS THE ONLY GUILTY PARTY — WHAT A FARCE! A SLAP ON THE WRIST FINE OF UBS OF A MEASLY $780 Million WAS GIVEN.
2012 U.S. IRS Whistleblower Office paid Birkenfeld a $104 million award for acting as a corporate whistleblower.
TO REPLACE THE SECRECY OF THE SWISS THE BRITISH ROTHSCHILDS CRIME SYNDICATE USED Singapore, Hong Kong, Cayman, Bermuda, and small British Islands close to England which are now attracting CRIMINALS & the SUPER-RICH to hide their crimes and fortunes from being TAXED. Singapore even strengthened penalties for violators of bank secrecy including steeper fines and longer jail sentences for offenders. Singapore is also now the location of Credit Suisse’s international banking headquarters.
The Swiss media mountpiece of the ROTHSCHILDS CRIME SYNDICATE TYPICAL COVER STORY AFTER BEING EXPOSED (THIS IS WONDERFUL NEWS) said, “Birkenfeld was a blessing for the Swiss financial industry… (CLEANING UP THE) “dirty” money & CRIMES the Swiss bank secrecy laws enabled. Birkenfeld has compared the Swiss banking industry with gangsters. “In essence, bank secrecy is analogous to criminal racketeering — and the Swiss government, along with every Swiss private banker, is a co-conspirator.”
Swiss Banks stash black money (CRIMINAL money not reported to their governments). WikiLeaks, Julian Assange, noted other criminal bank documents by ex-bank whistleblower Rudolf Elmer, show “US, Britain, Germany, Austria and Asia’ – from all over” did same crimes.
Banking in Switzerland = Lives off Middle Ages Swiss Templar Secrecy and codified that in 1934 into the Banking Law = Swiss Bankster Regime of secrecy that made Swiss banks famous and loved by Criminals and Tax Dodging Super-Rich.
SCANDAL = 2009 UBS tax DODGING (evasion) scandal in 2009 exposed the Criminality of the Swiss so they had to modify the 1934 banking laws a bit to deflect examination.
2015, banks = 53.3% of Total Swiss financial sector that also INCLUDES LOTS OF SHADY SECRETIVE FUNDS & TAX DODGING specialists
BIGGEST SWISS BANKS = UBS and Credit Suisse Ranking globally #27 and #29 both with assets near $1 Trillion.
2008 Swiss Banking industry leverages 29 to 1 or 260% of Swiss GDP.
Over centuries Swiss mercenaries ROBBED FUNDS FROM ANNUAL RAIDS AND WARS ON THEIR NEIGHBORS and brought that LOOT home and that helped start Swiss Banks. Big time banking began in the 1700’s by way of the riches of mercenaries & merchants.
1741 OLDEST MODERN SWISS BANK = Wegelin & Co., was established.
1796 Hentsch & Cie and Lombard Odier were both founded in 1796 in Geneva as private banks.
1805 The Pictet Group was established as a merchant bank.
1845 Credit Suisse was founded. It acquired The First Boston Corporation in 1988 and merged with the Winterthur insurance company in 1997.
1852 Hentsch & Cie was a founding member of the Swiss National bank.
1906 Swiss National Bank (SNB) Rothschilds Central Bank headquarters was founded in Bern by the Federal Act on the Swiss National Bank of 1906. Swiss refused to allow the SNB central bank to control the Swiss secret CRIMINAL SERVING banks and setup a Crime Syndicate run Federal Banking Commission.
1930 The Bank of International Settlements (BIS), the ROTHSCHILDS CENTRAL BANK of all CENTRAL BANKS was headquartered in the city of Basel. BIS directly financed Hitler and Nazis during WW II as did other Swiss banks.
1934 Banking Law = Made it a criminal act for a Swiss bank to reveal the name of an account holder. In practice all bank accounts are linked to an identified individual and a prosecutor or judge may issue a “lifting order” in order to grant law enforcement access to information relevant to a criminal investigation.
Swiss Banking & Finance puts Swiss prosperity among the TOP THREE nations in per capita gross domestic product. Swiss Finance employees almost 200,000 with 136,000 in banking & Swiss banks employ another 103,000 people abroad.
And the value of the Swiss franc (CHF) has been relatively stable compared with that of other currencies.
FACT: Swiss banks in Geneva and Zurich = TAX DODGING SECRETIVE safe haven Paradise for wealthy dictators and despots, mobsters and arms dealers, corrupt officials, and tax cheats of all kinds.
Swiss Fake neutrality means BANKSTERS that FUND ALL SIDES OF ALL WARS WERE NEVER BOMBED IN WW I OR WW II do the banking sector was able to develop and thrive uninterrupted. A Swiss saying during WW II the Swiss work for Germany 6 days a week and pray for the allies one day per week.
Switzerland is not a member of the European Union, and was not a member of the United Nations until 2002.
SAD FACT: 33+% of all worldwide “offshore” funds are kept in Switzerland for TAX DODGING and to coverup crimes and launder drug money and for other criminal enterprises.
2001 Swiss banks managed US$2.6 trillion.
2007 Swiss banks managed roughly US$2.7 trillion, a record.
2012 The TAX DODGING SCANDAL cause the number of foreign-owned private banks operating in Switzerland to declined from 145 to 129 with the roll-back of bank secrecy regulations, as their particular scams were outlawed.
2015, Switzerland signed an agreement with the EU that will align Swiss bank practices with those of EU countries, and in effect will end the special secrecy that EU-resident clients of Swiss banks had enjoyed in the past. Under the agreement, both Switzerland and EU countries will automatically exchange information on the financial accounts of each other’s residents from 2018. SO THE ROTHSCHILDS CRIME SYNDICATE WILL USE BRITISH & CAYMEN BANKS FOR THEIR TAX DODGING FRAUD TO KEEP SWITZERLAND APPEARING CLEAN.
SWISS LIE ABOUT SECRECY = Still widely canard is the secrecy provisions of the 1934 bill were motivated by attempts by Nazi Germany to investigate the assets of Jews and held in Switzerland. This is a LIE since Swiss banking secrecy was already law before 1934 and the 1934 law reinforced past practice and there was ZERO thought of humanitarian motives involved.
1998 UBS came into existence by combining Union Bank of Switzerland, founded in 1862 with Swiss Bank Corporation, founded in 1872.
In Switzerland, private banks are called private bankers (a protected term) to distinguish them from the other private banks which are typically shared corporations. Historically in Switzerland a minimum of CHF1 million was required to open an account, however, over the last years many private banks have lowered their entry hurdles to CHF250,000 for private investors.
1927 Raiffeisen Zentralbank (begun in Austria) “assumes the role of central bank” in providing treasury services, and is the third largest bank in Switzerland with 390 branches in 2012.
2012 Raiffeisen Banks announced that Wegelin & Co, the oldest Swiss bank, would be bought by the Raiffeisen group. The group has 3 million plus clients within Switzerland.
2009 While Swiss law distinguishes between tax evasion (non-reporting of income) and tax fraud (active deception), the Swiss under pressure agreed to abolish the distinction between tax evasion and tax fraud in dealings with foreign clients. But for Swiss taxpayers the distinction remains in place.
2008 Switzerland refused to join the European Union but, since December 2008, is a part of the Schengen Agreement that allows border crossing without a passport and has ZERO TO DO WITH BANKING.
Now — Swiss bank accounts cannot be opened without the holder signing a legal document asserting that they have no outstanding financial obligations to the IRS.
2003 United States Department of Treasury announced a new information-sharing agreement under U.S.-Swiss Income Tax Convention to facilitate more effective tax information exchange between the two countries. BUT THE CRIMINAL SWISS continue to come under international criticism. Finally in 2009 Switzerland agreed to renegotiate more effective tax cooperation with the United States and other countries. But still loopholes exist. SWISS LOOPHOLES FOR THE CRIMINAL & SUPER-RICH CONTINUES with NUMBERED ACCOUNTS. Some Swiss SUPER-RICH numbered bank accounts afford extra degrees of SECRECY and only senior bank officers know about them and Swiss claim the information required to open such an account is no different from that of an ordinary account.
2013 Swiss Parliament approved a law that allows Swiss banks to cooperate with United States tax authorities as specified in the FATCA.
Switzerland in WW II helped the NAZIS finance their mass murders of Europeans between 1933 and 1945. Swiss banks followed the Swiss saying that we work for the NAZIS six days a week and pray for the allied side one day a week. They provided weapons of all nature and other supplies and also put American PILOTS in NAZI-STYLE PRISON CAMPS that were far more horrible than the NAZIS treated pilots, and many men died. The Swiss started funding Hitler in 1923 and also provided for 10,000 NAZIS to follow a “RAT LINE” to both Argentina and Spain-Portugal where they lived out their lives in peace.
A coverup of the SWISS NAZI STARTING AND PROLONGING OF WW II was done by the BRITISH-SWISS ROTHSCHILDS CRIME SYNDICATE SIMILAR TO 911 COVERUP. So all official reports are lies to protect the ROTHSCHILDS CRIME SYNDICATE!
TO REPLACE THE SECRECY OF THE SWISS THE BRITISH ROTHSCHILDS CRIME SYNDICATE USED Singapore, Hong Kong, and small British Islands which are now attracting CRIMINALS & the SUPER-RICH to hide their crimes and fortunes from being TAXED. Singapore even strengthened penalties for violators of bank secrecy including steeper fines and longer jail sentences for offenders. Singapore is also now the location of Credit Suisse’s international banking headquarters.