1 July 2004
They've given you a number
The anonymous Swiss bank account is a thing of the past.
Beginning today, a new law intended to combat money-laundering will require that anyone opening an account in a Swiss bank will have to provide proof of identity. Some accounts may still be officially identified by numbers, but the bank will be required to obtain the name of the accountholder.
The next step? Perhaps gasp! tax withholding on foreign-owned accounts? What would Harry Lime say?