Security provided by the legal system
The Swiss Law protects personal freedom and individual property above all and its provisions make no difference between Swiss and foreign assets management.
Banking and financial operations are therefore protected by the banking secrecy regulation as defined by art. 47 of the Swiss Law on banks.
It is a question of the client's right and the banker's duty.
Any breach is strictly punished by the Swiss Criminal Code.
Furthermore, according to the Swiss tax law, the assets of foreign customers deposited in Switzerland are not subject to any income or property taxes.
