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Switzerland鈥檚 Golden Secret

How Germany鈥檚 WWII defeat led to Swiss banks enacting a 鈥淟aw of Secrecy鈥

In 1934 a 鈥淟aw of Secrecy鈥 was passed in Switzerland to protect the assets of Germans fleeing their country in the aftermath of World War II.

This no-questions-asked policy conferred secrecy on anyone with holdings in Switzerland, allowing criminals and dictators to hide their bank accounts from the rest of the world.

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30 minutes

大象传媒 World Service Archive

This programme was restored as part of the World Service archive project