News Analysis The Swiss Federal Tax Administration (FTA) has almost completed its transfer of offshore customer information to hundreds of countries and territories, signifying that Switzerland—the world’s largest offshore financial center—has abandoned its three-centuries-old system of keeping bank customer’s information secret, and ending its use as a safe haven for the illegal funds of terrorists and dictators, including the Chinese Communist Party’s (CCP’s) corrupt officials. As of Oct. 11, 2021, the Swiss Federal Tax Administration (FTA) disclosed the financial information for approximately 3.3 million bank accounts to hundreds of governments. According to Swiss Info, the Swiss law on the automatic exchange of information came into force at the beginning of 2017 in accordance with international tax regulation. In 2018, Switzerland initiated exchange of banking and tax information with the United States, Europe, and other 36 counties. In 2019, the data sharing expanded to some authoritarian and totalitarian states like China, Russia, and the …