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Samanth Shetty

Building Nestsureย โ€ขย 29d

I recently came across a post of Swiss Bank offering and thought why not let you guy's know what Swiss banks really are. ๐Ÿ’ถ Why Swiss Banks Attract Black Moneyโ€”and What You Should Know ๐ŸŽฏ Ever wondered how Indian black money ends up in Swiss vaults? It's not magicโ€”it's banking architecture. ( Not only Indian, almost all countriesblack money end up here ) ๐Ÿ›ก๏ธ Well maintained Secrecy Swiss banking offer's absolute confidentiality. Even today, traces are shared to other goverment on mere suspicion. That ultraโ€‘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 day๐Ÿคง , waiting for that day ) ๐Ÿ”„ 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 ๐Ÿ™† ). ๐ŸŒ 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 ๐Ÿ˜ช ) 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 ! ). ๐Ÿ’ต Conclusion : ๐ŸงŠ What are Swiss Banks? Swiss banks are banks based in Switzerland, known for their banking secrecy laws, stability, and discretion. ๐Ÿ” Why do people keep money there? Strong Privacy Laws: Swiss law protects client identity unless itโ€™s a criminal case. Political & Economic Stability: Switzerland hasnโ€™t been in a war for centuries. Itโ€™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. ๐Ÿ’ฃ But isnโ€™t it shady? Not always. Yes, Swiss banks were once infamous for hiding black money. ๐Ÿง  So what's the real takeaway? Swiss banks arenโ€™t just about hiding money. They're about preserving it in the worldโ€™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 ) ๐Ÿ—๏ธ *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*

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Does this affects anyways to the customers money in banks

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