Management of most banks, decided to resort to such a precautionary measure, banned from the United States. However, some private banks have entered for the top managers of a complete ban on foreign trips, including visits to neighboring France and Germany.
In 2008, Swiss banks have been at the center of investigations of tax fraud by the U.S. and Germany. So the Swiss bank UBS suspected of helping clients to Americans in the care of taxes, using accounts in offshore zones, the open with his assistance. UBS was forced to give U.S. law enforcement agencies about 250 customer-Americans, violating Swiss law on banking secrecy. In addition, the bank agreed to pay a fine of 780 million dollars.
The ban on visits abroad, notes the Financial Times, put the eve of the summit "Big twenty" (G20), which will be held in London in April 2009. It was expected that the meeting would be decided on the establishment of "black" list of offshore zones, which can enter in Switzerland. Other contenders for the hit on the list - Belgium and Luxembourg - have already announced their intention to revise the law on banking secrecy.
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