Tag: banking secrecy

Federal Government’s Digital Dollar Seen as Threat to Personal Liberty

January 9, 2023
banking secrecyBusiness & MarketsCentral Bank Digital Currency (CBDC)digital dollareconomic policieseconomyNew York Federal ReserveUS
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As the federal government advances its plans to create a central bank digital currency (CBDC), critics are sounding the alarm about how much power a digital dollar would place in the hands of federal agencies. The latest step toward a CBDC, called “Project Cedar,” was launched by the Federal Reserve Bank of New York last…

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Corrupt CCP Officials Lose ‘Money Hideaway’ as Swiss Banking Secrecy Ends

January 6, 2022
Asia & PacificBank of Chinabanking secrecyCCP's hidden moneyChinaChina Business & EconomyEuropeSwiss bankWorld
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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…

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Corrupt CCP Officials Lose Avenue to Stash Ill-Gotten Gains After Swiss Banking Secrecy Ends

January 6, 2022
AnalysisAsia & PacificBank of Chinabanking secrecyCCP's hidden moneyChinaChina Business & EconomyEuropeOpinionSwiss bankWorld
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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…

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