NEWS

Switzerland reviewing banking secrecy law

Switzerland reviewing banking secrecy law

In response to domestic and international scrutiny, Switzerland is currently reviewing its banking secrecy law to determine whether it violates media freedom. Swiss law currently restricts the disclosure of confidential banking information that alleges wrongdoing, including by journalists and whistleblowers. The Swiss Parliament must now decide if the law should be changed to allow the media to report on leaked banking data without fear of criminal prosecution.