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This is possible because Switzerland has "bank secrecy", which means the bank can(or must) refuse to tell how much money whose account has. While this is considered crucial for privacy protection, Switzerland is highly critized for it, because it makes tax evasion possible.
and and i have one
What else can I help you with?
Is a bank vault hermetically sealed and why or why not?
no it is not. Well, some are ... but it's dangerous, expensive, and silly. A bank vault is designed to keep money in and people out, making it hermetically sealed is overkill, especially if you get locked in.
The problem with continental dollars was that?
the bank printed some much money that there was not enough gold or silver to back the money they printed.
This is a story of four boys.. .. Chinku Dinku Pinku Tinku One day all of them decide to save their money in a bank.they select a bank called Lena Bank The bank's specialty is In every month the m?
Answer is Rs 93.75
How can you get help to pay your rent?
one way is to go to your bank, or a bank, and get a good loan. remember to chose a loan with a low interest rate. not recommended to get a loan if you only need a little money. you will overall loose more money than the loan is worth -GossipGirl17
What are some possible apartment financing solutions?
You could get a loan. You could also ask people you know for money! The bank would provide you a loan, but it would probably lead to high interest and unless you get a mortgage and pay back regularly.
Which Swiss bank holds indian black money?
HSBC Bank is one of the Swiss banks that holds indian black money.
Who are they put black money in Swiss bank?
um.. yes?
What country has maximum black money in Swiss bank?
India whoelse???
Why do people favor Swiss bank accounts?
Swiss Banks are considered the worlds safest as well as most secretive banks. A swiss bank will never share the details of their customers, unless and until the person asking for it has the legal authority to do so and that too after they can prove that the account holder has done some criminal activity in order to earn that money. That is why people prefer swiss banks.
How much does it cost to open a Swiss bank account?
"Opening a swiss bank account can be free, however, there is a fee to withdraw your money from a free account. This fee can be 1 or 2 percent depending on the bank."
Where do rich keep their money?
In Swiss bank accounts. No tax and total secrecy.
How much black money Swiss bank has?
50 trillion hundred dollars
Did the Allies uncover all of Adolf Hitler's secret bank accounts in Swiss Banks?
No, the allies were not able to uncover all the Adolf Hitler's secret bank accounts in the Swiss Banks.
Which banks hold indian black money?
A Big Part Of India's Black Money Is Held By Swiss Bank.
How can you start a Swiss bank account?
how can i start a Swiss bank account
Why do Indians deposit money in Swiss bank?
India has more money in Swiss bank than all the other countries combined. they deposit their black money in swiss bank.This is not so surprising.Dishonest persons, scandalous politicians and corrupt IAS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $ 1500 billion, which have been misappropriate by them.
How can a US citizen get a Swiss bank account?
How can I check and see if my ex had a Swiss Bank Account? Our daughter who was the only minor child would be entitled to that money. Laurejohns2@aol.comYou are able to open a Swiss bank account, without having personally go to Switzerland, it can all be done in correspondence. That of course does not apply on a numbered account, which in that case you will have to visit Switzerland in person to approve the account, try http://open-bank-account.com for more information.Swiss bank accounts generally, by definition, are impenetrable and unfindable.The only way a Swiss bank will even let you see IF someone owns an account (much less let you exact money from it) is if you show up personally to court in Switzerland, hire a Swiss lawyer, and prove that the owner has violated a SWISS law. Even cold-blood tax evasion is not against Swiss law, as the Swiss value the right of privacy over virtually any other right. Trying to get money from an ex would get laughed out of Swiss courts. (This is precisely why so many people get Swiss bank accounts.)If your husband was a serious a##hole, extremely rich, and you really need that money, search Swiss law and look for any possible loophole in the situation, pray, and call a Swiss law firm. But your chances are slim.As for how to get a Swiss bank account, there are two options. A) get a normal bank account the regular way (usually necessitating showing up in person), but this won't get you the sweet features in the movies (numbered account, private identity, etc.). B) One of the two or three elite banks, e.g. Credit Suisse, will give you all the coveted special features only if you can make a starting deposit worth their time (usually about 1,000,000 USD).
