Hi newbie here. Just came across this site while browsing, had some questions regarding Swiss banking laws, hoping someone here can help me. To give you a bit of background im canadian and live in canada.
1) Is bank secrecy lifted in cases of tax evasion. If a canadian opens an account in switzerland and does not report the interest earned on this account to his/her tax authorities, can bank secrecy be lifted and information exchanged with foreign tax authorities?
2) In cases of divorce in foreign countries(canada), how hard is it for the spouse to get infomation from swiss authorities. Does she simply need the bank's name, or would she need the bank's name/actual location and the exact account number, before a swiss judge lifts bank secrecy?
3) How is interest earned in switzerland on accounts with foreign currency?
I've heard that with all non swiss franc accounts, the banker gets you interest by putting the money in special funds called money market funds. Are they 100% guaranteed investments?
Do swiss banks offer any other type of risk free, 100% guaranteed investments, on foreign currencies where the capital is guaranteed no matter what, even if that means very low returns.
Thx for the help