Switzerland has very strict privacy laws. This is the main reason why affluent families and even certain dictators deposit their money in Swiss banks. There has been pressure for the Swiss government to ease up their banking laws to allow revelation of account holders who are suspected to be doing illegal activities.
Read the article below then share your thoughts about the topic.
1. Do you think that it’s time for Swiss banks to change their laws when it comes to privacy?
2. How would you describe the privacy laws of banks in your country?
3. What do you like about the current bank you’re with?