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Old 14.10.2011, 19:13
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Re: Britain targets 6,000 HSBC accounts in Switzerland

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That is correct, you will find charges quite high as transfers in & out would be CASH transactions & not transfers so there is not a paper trail. The statements would be written to customer CO.67823.AK c/o Post Box which is the bank.
Usually used to prevent family members knowing how rich 'daddy' is, especially if he does not want his wealth distributed as required by law, in countries such as CH & FR you don't decide how most of your estate is disbursed. Obviously such accounts are not listed on tax returns!

Austria actually had some Secret bearer passbook accounts-
Right. But none of that actually prevents the UK government from tracking down tax cheats using numbered accounts, as the forensics trail is still there. It makes the information harder to obtain for people that want to sell CDs to foreign governments, but it's just as easy to obtain with a court order saying "give us all documents pertaining to so and so."
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