Liechtenstein eases bank secrecy rules

Liechtenstein agreed to relax its vaunted bank secrecy rules on the 12 March 2009 and accept standards on international tax co-operation set by the Organisation for Economic Co-operation and Development.

The move came ahead of an announcement today by Switzerland, which is expected to announce concessions on bank secrecy in response to mounting international pressure on financial centres that have the strictest forms of client confidentiality.

ESO: Background information: Tax havens fear ‘indiscriminate’ crackdown http://www.europeansources.info/record/tax-havens-fear-indiscriminate-crackdown/

BBC News, 12.3.09: Liechtenstein eases bank secrecy http://news.bbc.co.uk/1/hi/business/7939164.stm

Deutsche Welle, 12.3.09: Liechtenstein to Ease Banking Secrecy Rules http://www.dw-world.de/dw/article/0,,4091947,00.html

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