Indian Accounts In Swiss Banks
India gets 4th set of Swiss a/c details under auto info exchange framework
India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries. Officials said the new details shared with India pertain to "hundreds of financial accounts", including many cases of multiple accounts associated with some individuals, corporates and trusts. They did not divulge specifics, citing the confidentiality clause of the information exchange and the adverse impact it may have on further investigations, but asserted that the data would be used extensively in probes of suspected tax evasion and other wrong doings including of money laundering and terror funding. In a statement, the Federal Tax Administration (FTA) on Monday said that the exchange of information this year saw five new additions to the list -- Albania, Brunei Darussalam, Nigeria, Peru and Turkey. The count of financial ...
 "India gets 4th set of Swiss a/c details under auto info exchange framework")
'Surge' in deposits by Indians in Swiss banks: Zero-hour notice in RS
Congress MP Pramod Tiwari on Wednesday gave zero-hour notice in the Rajya Sabha on the issue of the 'surge in Indian money held in Swiss banks'.
 "'Surge' in deposits by Indians in Swiss banks: Zero-hour notice in RS")
India to get 3rd set of Swiss bank details in Sep; realty info included
India will get this month the third set of Swiss bank account details of its nationals under an automatic exchange of information pact with Switzerland
 "India to get 3rd set of Swiss bank details in Sep; realty info included")
India among top 3 nations getting Swiss info on bank accounts: Group
India rated as 'largely compliant' on transparency and exchange of information for tax purposes.
 "India among top 3 nations getting Swiss info on bank accounts: Group")
Money in Swiss banks: India at 77th place, accounts 0.06% of foreign funds
An analysis of the latest annual banking statistics released by the Swiss National Bank (SNB) showed that India remains ranked very low when it comes to money parked by Indian individuals and enterpri
 "Money in Swiss banks: India at 77th place, accounts 0.06% of foreign funds")
Indian money parked in Swiss banks down 6%; third lowest in over 3 decades
According to SNB, its data for 'total liabilities' of Swiss banks towards Indian clients takes into account all types of funds of Indian customers at Swiss banks, including deposits from individuals
 "Indian money parked in Swiss banks down 6%; third lowest in over 3 decades")
Govt refuses to share Swiss a/c details of Indians, cites confidentiality
In reply to an RTI query, the ministry also refused to disclose the details of black money received from other foreign countries
 "Govt refuses to share Swiss a/c details of Indians, cites confidentiality")
No one came forward to claim a dozen Swiss accounts linked to Indians
The Swiss government began making details of dormant accounts public in 2015 to allow their claimants submit necessary proof to get access to those funds, which included at least 10 accounts
Swiss data on closed bank accounts can give clue to Indians' hidden wealth
Full details of the entire flow of funds to and from all the accounts that were active even for a single day in the year 2018 will be provided
 "Swiss data on closed bank accounts can give clue to Indians' hidden wealth")
Rs 3 bn lying unclaimed in India-linked dormant accounts in Swiss banks
As per the latest data released by the Swiss National Bank (SNB), funds parked by Indians with Swiss banks rose 50 per cent to CHF 1.01 billion (about Rs 70 billion) in 2017
