Free Online Dictionary
|Wikipedia English The Free Encyclopedia||Download this dictionary|
Bank secrecy (or bank privacy) is a legal principle in some jurisdictions under which banks are not allowed to provide to authorities personal and account information about their customers unless certain conditions apply (for example, a criminal complaint has been filed). In some cases, additional privacy is provided to beneficial owners through the use of numbered bank accounts or otherwise. Bank secrecy is prevalent in certain countries such as Switzerland, Singapore, Luxembourg and the Philippines, as well as offshore banks and other tax havens under voluntary or statutory privacy provisions.
|See more at Wikipedia.org...|
The following video provides you with the correct English pronunciation of the word "banking secrecy", to help you become a better English speaker.
© This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License and under the Creative Commons Attribution-ShareAlike License
|European Commission Glossary of Justice | home affairs||Download this dictionary|
Measures are adopted at EU level to ensure that banks confidentiality regarding client accounts does not hinder investigations into illegal money laundering. (See organised crime)
© European Communities, 1995-2004
|Dizionario inglese-italiano 1.0.012||Download this dictionary|
| banking secrecy in French | banking secrecy in Italian | banking secrecy in German | banking secrecy in Croatian
You think you have ethics... Take the survey NOW!