WHAT IS SWIZ BANK AND 2HY IT IS VERY INPORTANAT AND WHAT IS IT USE FOR
Answers
Answer:
Swiss Bank in Switzerland is like a (A doctor who treats the reproductive organs) who maintains your privacy. A Gynecologist will respect your privacy and won’t disclose your identity and exact problem to anyone. A similar analogy is in the case of Swiss bank. They won’t disclose your identity and your exact problem(here, money)
Why Swiss bank exists?
As many people might think, Swiss bank wasn’t laid to encourage the black money or corruption by malpractices. It was laid to protect its customers’ money from invading. There are many countries across the globe which have unstable governments like Iraq, North Korea, Sudan, and many more countries! To avoid the invasion of earned money, Swiss bank accounts are used.
Swiss bank accounts aren't just for millionaires, criminals or government officials trying to hide ill-gotten wealth, or celebrities protecting their assets from former spouses. They're available to anyone and lots of average people have Swiss bank accounts. People who live in countries with unstable governments and banks in particular often turn to Swiss banks because of their security and privacy.
Swiss Bank policies:
Even bankers cannot leak any information about their account holders to anyone except that the holder is proved to depositing cash out of crimes and corruption. It is, in fact, a criminal offense for bankers to divulge any information. There must be a substantial criminal allegation before a governmental agency, especially a foreign one, can gain access to account information. And this is where our government fails to bring the black money back!
There is not a big deal in having a Swiss account as it is portrayed in news and movies. Almost every citizen of Switzerland has an account in Swiss bank! They all are not corrupt
Hope it helps you
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