Millions of bank account details swapped

Tuesday, 10 October 2023 06:30

Switzerland has swapped financial information on millions of accounts with 104 countries.

But authorities are not releasing any information on the amounts involved. But there are three new countries now on the list – Kazakhstan, the Maldives and Oman.

The agreement with Russia has been suspended following its invasion of Ukraine.

The regular exchange of information was brought in in 2017. It allows tax authorities in Switzerland and elsewhere to check tax payers have declared international accounts.

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