Showing posts with label bank secrecy. Show all posts
Showing posts with label bank secrecy. Show all posts

Wednesday, January 19, 2011

Swiss Banker Convicted Over WikiLeaks Publications

THE GUARDIAN: Judge gives Rudolf Elmer suspended fine for breaching banking secrecy in giving client information to whistleblowing website

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Rudolf Elmer is chased by the media as he leaves the Zurich district court. Photograph: The Guardian

A Swiss banker who publicised private client data on WikiLeaks was found guilty today of breaching strict banking secrecy and threatening former colleagues, but was given only a suspended fine.

The judge acquitted Rudolf Elmer on charges he sought $50,000 (£31,250) for returning client data to former employer Julius Baer and that he made a bomb threat to the bank's headquarters.

Elmer, who helped bring WikiLeaks to prominence three years ago when he used it to publish secret client details and who handed over new data to the website on Monday, had admitted sending Julius Baer data to tax authorities.

But he had denied blackmail and a bomb threat against Baer, and said he had never taken payments in return for secret data.

The court sentenced him to a fine of 7,200 Swiss francs (£4,700), suspended for two years, without giving reasons; those will come in a written judgment. The prosecution had called for an eight-month jail term and a fine of 2,000 francs.

The defence will decide whether to appeal within 10 days. >>> Reuters | Wednesday, January 19, 2011

Tuesday, August 18, 2009

Liechtenstein Prince Criticized for Jewish Comments

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Vaduz castle, Liechtenstein. Photo: Google Images

YNET NEWS: Germany's Central Council of Jews accuses Prince Hans-Adam II of making a 'mockery' of Holocaust by saying bank secrecy in his principality helped save many Jews during WWII

Germany's Central Council of Jews has accused Liechtenstein's Prince Hans-Adam II of making a "mockery" of the Holocaust by saying bank secrecy in his principality had helped save many Jews during World War II.

The prince made the comments in an interview with the Liechtensteiner Volksblatt newspaper, saying Liechtenstein and Switzerland had "saved the lives of many people, especially Jews" thanks to their bank secrecy laws.

He added Germany "should think about its own past" before attacking Liechtenstein and other countries for banking policies that Berlin says encourage tax dodging.

Germany's Central Council of Jews sharply criticized the comments on Monday, describing them as a misrepresentation of the historical record.

"The comments make a mockery of the Holocaust and those that survived it," Stephan Kramer, general secretary of the Council, told the Bild daily.

"It is an attempt to use the Holocaust as a defense for the prince's political failures. Portraying Liechtenstein as a merciful helper of the Jews does not chime with the historical facts."

Liechtenstein remained neutral during World War II. >>> Reuters | Tuesday, August 18, 2009

Liechtensteiner Volksblatt >>>