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Old 14.10.2011, 20:13
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Re: Britain targets 6,000 HSBC accounts in Switzerland

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But the bank is required to be able to identify all accounts belonging to an individual, and has been since 1934.
Depending on the Canton, they will even ignore court orders. I suspect they can't identify beneficial owners on a huge no of accounts, they knew the person who opened the account & they know who holds a POA, often a lawyer acting for a client.

Beneficial ownership is something else.

Can you confirm there is no requirement for pre 1934 accounts, that is very interesting to know.
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