Swiss banks for foreigners explained #swissbank #swissbankacount #money

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Until the end of the 90-ties, Swiss wild-west banking was common practice. People from all over the world opened anonymous bank accounts with mountains of cash bills. Swiss banking secrecy was an untouchable fortress. Swiss bankers made big money charging high fees and looking aside. No questions asked. Nobody prosecuted money laundering, international corruption, and tax evasion. Swiss wild-west banking disappeared 25 years ago. Today, Swiss banking secrecy still exists but not for tax evasion. It’s impossible to open accounts with untaxed money. The financial elite prefers Swiss banks for asset protection and geographical diversification. The more the world becomes insecure, the more money comes to Switzerland. Be rich and stay rich.

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