Banking Secrecy
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Brazil’s CBDC Pilot Reportedly Delayed to 2025 Due to Lack of Privacy Safeguards: Details
Brazil has reportedly postponed the pilot of its Drex CDBC to 2025 as the central bank feels, blockchain privacy solutions are insufficient. The regulator is looking to prevent financial inconvenience to Brazilian nationals. The CBDC is expected to finetune the country’s financial compliance, banking, and tax secrecy regulations.
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El Salvador’s Secrecy Around BTC-Related Info Raises Suspicions, Details Here
El Salvador’s state bank BANDESAL has refused to share details of the country’s current BTC holdings. The information was requested by ALAC El Salvador — a non-governmental anti-corruption bureau. El Salvador’s secrecy around its BTC possessions could be a way to shield its government from criticism for exposing its public to major financia...
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11 Indians Get Swiss Notices In Process To Share Banking Details
As Switzerland strives hard to re-establish its global financial centre position after clamping down on secrecy walls of its banks, there has been a significant surge in the number of cases where it has initiated process to share information on Indians with Swiss bank accounts and shot off letters to about a dozen such individuals last week itself.
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Indians' Money In Swiss Banks Now Nearly Half At Rs 4,500 Crore
Money parked by Indians in Switzerland's banks nearly halved to 676 Swiss francs (about Rs 4,500 crore) in 2016 to hit a record low amid a continuing clampdown on the suspected black money stashed behind their famed secrecy walls.
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Secrecy Must For Automatic Information Exchange: Swiss Banks To India
On Friday, the Swiss Federal Council ratified the AEOI with India and 40 other jurisdictions to facilitate immediate sharing of details about suspected black money.
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Switzerland Eyes Exchanging Banking Information With 21 More Countries
Switzerland, which has been working to end its years-long practice of banking secrecy, said Thursday it aimed to dramatically increase the number of countries it cooperates with towards international fiscal transparency.
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PM Narendra Modi Asks G20 to Curb Excessive Banking Secrecy
Making it clear that India has no tolerance towards black money, Prime Minister Narendra Modi today called for an end to "excessive banking secrecy" in some countries so that ill-gotten money stashed away abroad can return to their country of origin.
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Switzerland Discloses More Information on 2 Indians Named Earlier
Continuing to shed its famed banking secrecy veil, Switzerland today made public more names about which it has been approached from abroad for information, even as it published fresh gazette notifications about two Indians - Sayed Mohammed Masood and Chand Kauser Mohammed Masood.
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Opinion: Why I Leaked The HSBC Data
Herve Falciani, whistle-blower, on his plans to assist India.
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Lying French Tax Fraud Witness Pierre Condamin-Gerbier Convicted in Switzerland
A man who acknowledged lying when he served as a key witness in a major French tax fraud investigation was sentenced to a two-year suspended prison term in Switzerland Friday.
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Full Transcript: In 6 Months, Expect First Good Results on Info on Black Money, Whistle-blower Herve Falciani to NDTV
After NDTV's exclusive interview on November 20 with whistle-blower behind the biggest data heist in the history of banking secrecy, the government established contact with Herve Falciani via NDTV in Paris. NDTV's Resident Editor in Europe, Noopur Tiwari spoke to Mr Falciani immediately after his first conversation with Indian investigators over th...
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Indian Money in Swiss Banks Rise to Over Rs 14,000 Crore
Indians' money in Swiss banks has risen to over two billion Swiss francs (nearly Rs 14,000 crore), despite a global clampdown against the famed secrecy wall of Switzerland banking system.
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End of Swiss bank secrecy, black money information to be shared
In a major boost for India and other countries seeking details on suspected black money stashed in Swiss banks, Switzerland has agreed to automatic exchange of information and mutual administrative assistance in tax matters with overseas authorities.
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Indian money in Swiss banks dips to record low at Rs 9,000 crore
Indian money deposited in Swiss banks has fallen to a record low of about Rs 9,000 crore (1.42 billion Swiss francs), as a global clampdown against the famed secrecy wall of Switzerland banking system has made it difficult for their global clients.
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Use Swiss banking 'crisis' to recover blackmoney: LK Advani
India should take advantage of the virtual crisis gripping the Swiss banking sector due to global campaign against bank secrecy laws to deal with the blackmoney issue, BJP leader L K Advani has said.
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Brazil’s CBDC Pilot Reportedly Delayed to 2025 Due to Lack of Privacy Safeguards: Details
Brazil has reportedly postponed the pilot of its Drex CDBC to 2025 as the central bank feels, blockchain privacy solutions are insufficient. The regulator is looking to prevent financial inconvenience to Brazilian nationals. The CBDC is expected to finetune the country’s financial compliance, banking, and tax secrecy regulations.
-
El Salvador’s Secrecy Around BTC-Related Info Raises Suspicions, Details Here
El Salvador’s state bank BANDESAL has refused to share details of the country’s current BTC holdings. The information was requested by ALAC El Salvador — a non-governmental anti-corruption bureau. El Salvador’s secrecy around its BTC possessions could be a way to shield its government from criticism for exposing its public to major financia...
-
11 Indians Get Swiss Notices In Process To Share Banking Details
As Switzerland strives hard to re-establish its global financial centre position after clamping down on secrecy walls of its banks, there has been a significant surge in the number of cases where it has initiated process to share information on Indians with Swiss bank accounts and shot off letters to about a dozen such individuals last week itself.
-
Indians' Money In Swiss Banks Now Nearly Half At Rs 4,500 Crore
Money parked by Indians in Switzerland's banks nearly halved to 676 Swiss francs (about Rs 4,500 crore) in 2016 to hit a record low amid a continuing clampdown on the suspected black money stashed behind their famed secrecy walls.
-
Secrecy Must For Automatic Information Exchange: Swiss Banks To India
On Friday, the Swiss Federal Council ratified the AEOI with India and 40 other jurisdictions to facilitate immediate sharing of details about suspected black money.
-
Switzerland Eyes Exchanging Banking Information With 21 More Countries
Switzerland, which has been working to end its years-long practice of banking secrecy, said Thursday it aimed to dramatically increase the number of countries it cooperates with towards international fiscal transparency.
-
PM Narendra Modi Asks G20 to Curb Excessive Banking Secrecy
Making it clear that India has no tolerance towards black money, Prime Minister Narendra Modi today called for an end to "excessive banking secrecy" in some countries so that ill-gotten money stashed away abroad can return to their country of origin.
-
Switzerland Discloses More Information on 2 Indians Named Earlier
Continuing to shed its famed banking secrecy veil, Switzerland today made public more names about which it has been approached from abroad for information, even as it published fresh gazette notifications about two Indians - Sayed Mohammed Masood and Chand Kauser Mohammed Masood.
-
Opinion: Why I Leaked The HSBC Data
Herve Falciani, whistle-blower, on his plans to assist India.
-
Lying French Tax Fraud Witness Pierre Condamin-Gerbier Convicted in Switzerland
A man who acknowledged lying when he served as a key witness in a major French tax fraud investigation was sentenced to a two-year suspended prison term in Switzerland Friday.
-
Full Transcript: In 6 Months, Expect First Good Results on Info on Black Money, Whistle-blower Herve Falciani to NDTV
After NDTV's exclusive interview on November 20 with whistle-blower behind the biggest data heist in the history of banking secrecy, the government established contact with Herve Falciani via NDTV in Paris. NDTV's Resident Editor in Europe, Noopur Tiwari spoke to Mr Falciani immediately after his first conversation with Indian investigators over th...
-
Indian Money in Swiss Banks Rise to Over Rs 14,000 Crore
Indians' money in Swiss banks has risen to over two billion Swiss francs (nearly Rs 14,000 crore), despite a global clampdown against the famed secrecy wall of Switzerland banking system.
-
End of Swiss bank secrecy, black money information to be shared
In a major boost for India and other countries seeking details on suspected black money stashed in Swiss banks, Switzerland has agreed to automatic exchange of information and mutual administrative assistance in tax matters with overseas authorities.
-
Indian money in Swiss banks dips to record low at Rs 9,000 crore
Indian money deposited in Swiss banks has fallen to a record low of about Rs 9,000 crore (1.42 billion Swiss francs), as a global clampdown against the famed secrecy wall of Switzerland banking system has made it difficult for their global clients.
-
Use Swiss banking 'crisis' to recover blackmoney: LK Advani
India should take advantage of the virtual crisis gripping the Swiss banking sector due to global campaign against bank secrecy laws to deal with the blackmoney issue, BJP leader L K Advani has said.
