| Economic espionage and the Swiss Criminal Code Home > Basics > Swiss bank secrecy > Legal basis > Criminal law > Economic espionage Article 273 of the Swiss Criminal Code holds for a prison sentence for foreign spies who try to obtain information about a client of a Swiss bank. Even if the client authorizes the bank to give information to a foreign government, by law the bank cannot divulge any information. The purpose of this provision is to thwart any pressure or blackmail that foreign authorities could exert on a Swiss bank client so that he or she asks the bank to disclose the existence of the account in Switzerland (take, for example, the Nazi regime that used such practices on Jewish clients of Swiss banks). Article 271 is aimed at foreign administrative officers (police, tax and customs authorities, etc.) who conduct investigations on Swiss territory. In such a way, it prevents abduction operations such as those carried out by the Nazi regime in the Jacob affair.
|
| © Micheloud & Cie 2008 Tel. ++41 21 331 48 48 info@swiss-bank-accounts.com. No part of this site may be reproduced in any form or by any means without our prior written permission. Printed from http://swiss-bank-accounts.com/e/banking/secrecy/spy.html |