Back

Samanth Shetty

Building Nestsure • 21d

I recently came across a post of Swiss Bank offering and thought why not let you guy's know what Swiss banks really are. 💶 Why Swiss Banks Attract Black Money—and What You Should Know 🎯 Ever wondered how Indian black money ends up in Swiss vaults? It's not magic—it's banking architecture. ( Not only Indian, almost all countriesblack money end up here ) 🛡️ Well maintained Secrecy Swiss banking offer's absolute confidentiality. Even today, traces are shared to other goverment on mere suspicion. That ultra‑tight privacy has long fueled the flow of unreported funds abroad. ( I say it's kind of good stuff, we all might need to use swiss bank one day🤧 , waiting for that day ) 🔄 Sophisticated Routes Money is often moved by a shell companies or offbsore accounts with layer security until it lands securely in Swiss banks. The complexity of these process makes tracing the original source imposible ( Obviously, one of the main use 🙆 ). 🌍 Stable Infrastructure Switzerland stands neutrality in everything and their secure banking systems offers are like safe haven for funds, no risk of volatility or political / governmental interference. ( Which india should learn 😪 ) But according to few sources they say that now Swiss banks have made stricter rules because of global pressure, Today most of the accounts needs genuine KYC and tax statements of their own home country ( I'm not sure of this but yea i have read few articles previously which stated these I don't remember which are those articles, if i find those I would add the source in this post ! ). 💵 Conclusion : 🧊 What are Swiss Banks? Swiss banks are banks based in Switzerland, known for their banking secrecy laws, stability, and discretion. 🔐 Why do people keep money there? Strong Privacy Laws: Swiss law protects client identity unless it’s a criminal case. Political & Economic Stability: Switzerland hasn’t been in a war for centuries. It’s neutral and stable. Hard-to-Breach Security: Ultra-secure infrastructure. Global Trust: Swiss Franc (CHF) is considered a safe haven currency. Tax Planning (Legal & Otherwise): Wealthy individuals and corporations use it for asset protection and estate planning. 💣 But isn’t it shady? Not always. Yes, Swiss banks were once infamous for hiding black money. 🧠 So what's the real takeaway? Swiss banks aren’t just about hiding money. They're about preserving it in the world’s most stable vaults. I have even heard that A personal account won't have any name, just a account number and a key for it ( Digital key obviously ) 🗝️ *This Post adhers to all community guidelines* *The image used below is sourced from Google images* * The content is based on own knowledge gathered by few articles and YouTube videos, the main YouTube video is of Nitish rajput, you can check it out too*

Reply
1
12

More like this

Recommendations from Medial

Image Description

Chayan Das

 • 

ZeroBizz • 1m

💡How Do Banks Really Work? Here's a Simple Visual Guide! 🏦 1️⃣ Banks take deposits from customers at ~4% interest. 2️⃣ They lend that money to borrowers at ~10% interest. 💰 The 6% spread is their profit. 🔍 Key Banking Terms You Should Know:

See More
2 Replies
7
Image Description
Image Description

Saksham

Legal Advisor! • 6m

The only banks I love banking with in India are IDFC, HDFC, ICICI and absolutely hate with Bank of Baroda and especially SBI. Using SBI as your banking partner is the most frustrating thing ever. Absolutely love IDFC. If you want to have peace, go f

See More
5 Replies
1
3
Image Description
Image Description

Rohan Saha

Founder - Burn Inves... • 21d

With so much money involved Indian banks and the government should do something about it

3 Replies
4
1

Avadhoot Kulkarni

Hey I am on Medial • 11m

Does this affects anyways to the customers money in banks

Reply
5
Image Description
Image Description

Chamarti Sreekar

Passionate about Pos... • 2m

8 Startup-Friendly Banks in India 1. YES Bank Startup Banking https://www.yesbank.in/business-banking/startup-banking 2. HDFC Bank SmartUp https://www.hdfcbank.com/personal/pay/cards/startup-services/smartup 3. ICICI Bank InstaBiz for Startups htt

See More
10 Replies
60
46
Image Description

Kimiko

Startups | AI | info... • 1m

From SBI to HDFC, here are the banks minting money in style!

1 Reply
1
10
Image Description
Image Description

Chamarti Sreekar

Passionate about Pos... • 5m

🚨 AI will reduce banking jobs by 200,000 in the next 5 years. (Bloomberg) Global banks are expected to reduce their workforce by nearly 3% annually.

8 Replies
12

mg

mysterious guy • 1m

Indian housewives hold 11% of the World’s gold. That is more than the reserves of USA, Russia, France, Italy, Germany and Switzerland all put together. 🤯

Reply
8

Download the medial app to read full posts, comements and news.