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  #21  
Old 14.10.2011, 20:18
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Re: Britain targets 6,000 HSBC accounts in Switzerland

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Ok, I give you that the name will not show a link to the account at an average teller's desk, if that's what you mean. The manager can make the link, but most staff not.
The manager of the actual branch where the account is held

The UK revenue will not contact every branch of the bank. A main branch will say there are no accounts held to their knowledge, which is true.
In either GE or VS Banks are the most difficult to get info from, as even with a court order it's a criminal offence to comply.
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  #22  
Old 14.10.2011, 20:19
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Re: Britain targets 6,000 HSBC accounts in Switzerland

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/sigh

Of course the numbers identify the individual. It's in the freakin' Code of Obligations. But only a limited subset of people have the mapping, or rather, access to the mapping between name and number.

Most bank systems will not have access to that mapping by design. Clearly, the system that manages the account balance has no need to know who owns the account. But the bank is required to be able to identify all accounts belonging to an individual, and has been since 1934.
Sigh all you want, your source is hearsay at best, bar and beer bullshit at worst.

No bank will leak or sell the link. They will have had a list of numbers from the authorities , contacted the account holders and negotiated a settlement without ANYONE outside of the numbered accounts system having identified who was involved. The are at least two people involved in the mapping, no single person can do this. No one person knows what the the other person knows.
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  #23  
Old 14.10.2011, 21:15
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Re: Britain targets 6,000 HSBC accounts in Switzerland

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Ok, I give you that the name will not show a link to the account at an average teller's desk, if that's what you mean. The manager can make the link, but most staff not.
so how does that change anything? it just reduces the number of people internally who have access to the information ..!! Court orders do not land on your average teller's desk...
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  #24  
Old 14.10.2011, 21:18
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Re: Britain targets 6,000 HSBC accounts in Switzerland

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so how does that change anything? it just reduces the number of people internally who have access to the information ..!! Court orders do not land on your average teller's desk...
Court orders get chucked in the bin in 2 Cantons, know where to bank & sleep well at night.
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  #25  
Old 14.10.2011, 21:31
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Re: Britain targets 6,000 HSBC accounts in Switzerland

Aight guys, I'm out. If you're going so far as to say banks will disregard a court order, then you and I are obviously discussing in different realms of reality.
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  #26  
Old 14.10.2011, 21:39
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Re: Britain targets 6,000 HSBC accounts in Switzerland

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Aight guys, I'm out. If you're going so far as to say banks will disregard a court order, then you and I are obviously discussing in different realms of reality.
As it's a criminal offence in 2 cantons to comply, they have little choice. Banks in some cantons comply automatically, it just depends on where. However I am sure you know this-
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  #27  
Old 17.10.2011, 14:48
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Re: Britain targets 6,000 HSBC accounts in Switzerland

I have to agree with Corbets on this one.

The bank I work for (quite a big one, with plenty of branches in every Canton) has the code of conduct which applies to all branches and employees saying that no customer details are to be revealed UNLESS instructed to do so by relevant authorities. It certainly in NO WAY precludes releasing customer details to relevant authorities.

Having developed and supported our high-net worth CRM tool, I can assure you, for the handful (ok, maybe closer to 300 out of 80,000 employees) that have access to the tool, they can see both account numbers and customer names in most instances and where it is a numbered account, there are certainly identifiers linking it to the client, such as address or contact details.

I think it is James Bond fantasy to think that these clients are invisible in the modern age, but, their details and net worth are only available to a few people, and certainly no-one outside of Switzerland.
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  #28  
Old 17.10.2011, 15:01
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Re: Britain targets 6,000 HSBC accounts in Switzerland

if you want anonymity, you'd be an idiot to register it to a bank under your name no matter what their claims are regarding confidentiality.
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  #29  
Old 18.10.2011, 22:34
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if you want anonymity, you'd be an idiot to register it to a bank under your name no matter what their claims are regarding confidentiality.
Which is the reason for an SA / AG, the share holders are anonymous
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  #30  
Old 19.10.2011, 16:16
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Re: Britain targets 6,000 HSBC accounts in Switzerland

account holdersdetails clearly can be copied to CD accroding to this story - http://www.businessweek.com/news/201...stry-says.html
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  #31  
Old 20.10.2011, 00:41
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Re: Britain targets 6,000 HSBC accounts in Switzerland

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Which is the reason for an SA / AG, the share holders are anonymous

on which planet are the AG shareholders anonymous??
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  #32  
Old 20.10.2011, 01:22
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Re: Britain targets 6,000 HSBC accounts in Switzerland

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account holdersdetails clearly can be copied to CD accroding to this story - http://www.businessweek.com/news/201...stry-says.html
...and which canton is Luxembourg in ???
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  #33  
Old 20.10.2011, 23:19
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on which planet are the AG shareholders anonymous??
Any company that issues bearer shares in CH. only people with signing rights are registered, not the shareholders.

The French SA is a giveaway, even if you don't speak much French.
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