Tuesday 5 May 2015

Swiss probe thousands of unclaimed accounts opened before 1955

Swiss probe thousands of unclaimed accounts opened before 1955

Swiss banks have discovered thousands of accounts opened before 1955 and dormant for at least 50 years, a German newspaper reported on Sunday, saying the move could help reveal where wartime Nazi loot was stashed. Germany's Welt am Sonntag newspaper said the accounts were being examined under a new Swiss law that requires banks to publish information this year on accounts that were opened at least 60 years ago and have been unclaimed for 50 years.
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