Why all corrupt people transfer their black money to Swiss accounts?

[Shooting Star]

i am curious that why all corrupt people transfer their black money to Swiss accounts?why not America or any other?
i mean are there no rules in Switzerland?why they allow such kind of money?

[PHARM]

Because swiss account are secure in everyway. There are very hard and fast rule about the privacy of account and its almost impossible to trace the account holder. They don't share a speck about anyone. And there procedures for account holders are also different(who want to gain access to their account). In other countries they don't take care of so much security.

But in zardari case, the matter is different, i don't know how some people in pak come to know about his account in swiss bank. Moreover it's high profile case and past government were involved in reopening the case and unveil the huge amount in swiss banks..

[mangat1]

Its the Account holder's privacy. Switzerland has no other national income like we have natural resources or stuff. Switzerland earns from these black money accounts. Its not only zardari whose money is in Swiss accounts, all the rich people of the world have opened accounts in Switzerland.

[DEADLYDOCTOR]

its not only corrupt,all criminals,mafia,businessmen and ordinary people,all have swiss accounts
why?
one reason is its security. very-very difficult to lose money from this bank
strong history behind its rules and regulations.
2nd reason is its privacy,no information of any kind about account holder can be leaked.only account holder can leak information. account and account holder cannot be traced.
3rd reason,this account can be used from anywhere without leaving any trace.
large amounts can be deposited as no body will know and ask from where it comes.
one more reason for its success is that it is a way out for corrupts from 3rd or poor countries. this is created by west to have grip over them.
india is said to have largest deposits of black money in swiss accounts with russia,china following.
even if government intervene ,its impossible to get any info and process is very slow.at end usually no result,no recovery
americans has less number of swiss accounts,so us never has to involve in it.

to make black money white and make safe and hidden ,swiss accounts are best
khabardar :niqalo se hoshiyar