Tougher Swiss banking rules
The announcement of the new rules, by the Swiss Bankers Association and the Swiss Federal Banking Commission, comes ahead of tomorrow's meeting of EU finance ministers.
This meeting will try to finalise a directive on the taxation of savings that has been delayed by a failure to get Switzerland to agree on similar measures.
Under the new banking rules, proof of identity, nationality and date of birth will be needed for the ultimate beneficial owners of Swiss bank accounts opened by financial intermediaries.
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