Bank Secrecy
Banking secrecy, alternately known as financial privacy, banking discretion, or bank safety, is a conditional agreement between a bank and its clients that all foregoing activities remain secure, confidential, and private. Most often associated with banking in Switzerland, banking secrecy is prevalent in Luxembourg, Monaco, Hong Kong, Singapore, Ireland, Lebanon and the Cayman Islands, among other off-shore banking institutions. Otherwise known as bank–client confidentiality or banker–client privilege, the practice was started by Italian merchants during the 1600s near Northern Italy (a region that would become the Italian-speaking region of Switzerland). Geneva bankers established secrecy socially and through civil law in …
WikipediaPublications
Cato Institute · 27 March 2024 English
propose here in the United States"--a questionable statement given the surveillance under the Bank Secrecy Act regime, but a welcome one. …
questionable statement given the surveillance under the Bank Secrecy Act regime, but a welcome one. Clarifying his …
UNODC: United Nations Office on Drugs and Crime · 25 March 2024
countries to control the import and export of The rules and procedures for transporting certain hazardous wastes and wastes requiring Figure 2 Overview of key public actors, the processes they …
with national authorities; waiver valid COA. of bank secrecy provisions to enable the investigation and prosecution …
Cato Institute · 21 March 2024 English
Financial freedom is under fire. Policies like the Digital Asset Anti- Money Laundering Act, the Credit Card Competition Act, the Consumer Financial Protection Bureau's slew of price controls, and Basel …
validators as “financial institutions” under the Bank Secrecy Act. As Jennifer Schulp and Jack Solowey warned …
UNODC: United Nations Office on Drugs and Crime · 20 March 2024 English
3 Implementation of UNCAC chapter III: Criminalization and law enforcement in ASEAN States parties and Timor-Leste II: Overview of the challenges and good practices in the implementation of chapter III …
preventive principle of “know your Article 40: Bank secrecy customer and know your beneficial owner,” where … Criminal record arise out of the application of bank secrecy laws. Article 41 of the Convention recommends … Nam received recommendations to ensure that bank secrecy 0 1 2 3 4 can be overridden by other government … and thematic reports 0 0.5 1 1.5 Article 40: Bank secrecy Three States parties143 made a total of six …
UNU WIDER: United Nations University World Institute for Development Economics Research · 20 March 2024 English
WIDER Working Paper 2024/15-Offshore tax evasion in developing countries: Evidence and policy discussion
Johannesen, N., and Zucman, G. (2014). ‘The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown’ … 3386/w31055 Johannesen, N. (2023). ‘The End of Bank Secrecy: Implications for Redistribution and Optimal …
OXMS: Oxford Martin School · 13 March 2024 English
We argue that internationalization will be key to effective implementation, and highlight the critical challenge of balancing confidentiality and privacy with risk mitigation as the role of compute providers in …
Acts of Parliament. Linn, C. J. Redefining the Bank Secrecy Act: Currency Reporting and the Crime of Structuring …
Cato Institute · 12 March 2024 English
Last Thursday, two Congressional hearings took place in the U.S. House of Representatives that demonstrate just how far America has drifted from its founding principles. Both hearings were at 10:00 …
less why. But itʼs true, and itʼs thanks to the Bank Secrecy Act of 1970 and the expansive federal anti‐ … last Thursday. Congress could easily amend the Bank Secrecy Act to restore this protection to Americans …
EU Tax Observatory · 7 March 2024 English
To circumvent potential endogeneity, I predict the level of taxation in a country using changes in the level of democracy and in the ideology of the head of government. [...] …
origin country. For instance, Switzerland’s bank secrecy law of 1934, that is central to its offshore … taxation and legal Ordinance, 1991 requirements - Bank secrecy (?) Protects account holders Switzerland’s Banking … banking reforms. These include offshore banking or bank secrecy laws, which are complement with other legal …
FGA: Foundation for Government Accountability · 29 February 2024 English
3 STATES MUST END POLITICAL AND RELIGIOUS DEBANKING | FEBRUARY 29, 2024 | TheFGA.org A further indication of their ideological discrimination, financial institutions have demanded from those that they have …
Federal Reserve System, “Joint Fact Sheet on Bank Secrecy Act Due Diligence Requirements for Charities …
Cato Institute · 20 February 2024 English
Most states came out of the COVID-19 pandemic in very strong fiscal condition. But with the American Rescue Plan funding now largely spent and future economic growth rates in doubt, …
Grabow (August 16, 2022) 932. Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals by …
