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Switzerland

Open secret

24 February 2012
Le Temps Geneva

On left hand panel – Bankers since 1810. On right – Inland Revenue Auxiliaries since 2012

On 22 February, the Swiss government decided that the country's banks must now ensure that money deposited by foreign clients has been declared in their home country. Switzerland's tradition of banking secrecy has been subject to increasing international pressure, particularly from the United States.