Switzerland at risk of EU blacklist after Credit Suisse leak

[brooklynite]

Source: The Guardian

The fallout from a huge leak of Credit Suisse banking data threatened to damage Switzerland’s entire financial sector on Monday after the European parliament’s main political grouping raised the prospect of adding the country to a money-laundering blacklist.

The European People’s party (EPP), the largest political grouping of the European parliament, called for the EU to review its relationship with Switzerland and consider whether it should be added to its list of countries associated with a high risk of financial crime.

Experts said that such a move would be a disaster for Switzerland’s financial sector, which would face the kind of enhanced due diligence applied to transactions linked to rogue nations including Iran, Myanmar, Syria and North Korea.

“When Swiss banks fail to apply international anti-money-laundering standards properly, Switzerland itself becomes a high-risk jurisdiction,” said Markus Ferber, the coordinator on economic affairs for the EPP, which represents Europe’s centre-right political parties.

Read more: https://www.theguardian.com/news/2022/feb/21/switzerland-at-risk-of-eu-blacklist-after-credit-suisse-leak

[LiberalFighter]

1. I say don't talk about it. Do it!

[JT45242]

2. Not surprised and also surprised

Not surprised at all that the Swiss are laundering money. It's not like they didn't launder money for the Nazi, and everyone else who has been evil.

Surprised that anyone in Europe had the spine to suggest sanctions.

Now if they can go after Deutsche Bank and Putin's money. That would be really impactful.

[Sneederbunk]

3. Cheese and watch embargo is next.

Last edited Mon Feb 21, 2022, 05:12 PM - Edit history (1)

[SWBTATTReg]

4. All for their sacred banking system, the 'darling' of the entire banking world ... all to make a

extra buck...and screw the rest of the world, eh? They have been this way for far too long. How long have they provided cover for the scumbags (and their money) of the world? You could also say the same thing about Panama too. Some rogue countries across the world think nothing else of anybody else in the whole world but themselves. Perhaps it's time that the entire world does something about it, as these two countries are probably aiding and abetting criminals across the globe.

[ancianita]

5. Good. Switzerland has gotten away with secret crooked dealings for too long.

[llashram]

6. I think

WWII and some Swiss banking practices with Germany-nazis. So wouldn't be surprised about any dirt here.

[DFW]

7. "The Suisse secrets show once again that Swiss banks continue to do business with.........

“................ dictators, autocrats and criminals."

Wow, you mean Crédit Suisse is doing the same thing as Deutsche Bank, Chase Manhattan, and all banks based in Russia? In that case, the same thing needs to happen to Crédit Suisse that happened to the others!

Oh, wait a minute. Never mind.

[LittleGirl]

8. Well, what about us innocent people

that live here. We don’t bank with them but we’re Americans that live in this country and don’t want our financial system to fail. We don’t want our home to lose value and leave us bankrupt either. This whole mess is out of our control and we are worried about the situation and future.

What do you think DFW? Should we be worried?

[elleng]

9. Kind of 'close' to you, Eh, DFW?

Having 'fun?'

[FakeNoose]

10. Wasn't Switzerland the FIRST international money launderer ever?

Just sayin'

[Hestia]

11. Well, if you want to get all historical and stuff, France was the original banker to the elites

through the Knights Templar, who created the forerunner to today's banking system, along with double-entry bookkeeping. At the time, only Jewish money-lenders were allowed to control banking within Europe. KT got permission from Vatican through their charter to become the banking system and were allowed to charge interest on loans. Only the Jewish were allowed to charge interest, but write it off at 7 years (Jubilee). KT created a banking system where you banked your funds/gold at one KT bank, were given a voucher showing how much you had deposited with secret codes and all, and allowed to withdraw your funds in another country. You didn't have to travel with chests of gold and jewels, keeping them safe from the thieves who tried to rob them. They travelled with a purse for travel incidentals and to assuage the thieves, whereas the bulk of their fortunes were safe in KT banks.

France was broke financially, tried to to wholly break the KT, went into KT HQ to seize their treasury/treasures but the KT had already moved it all to somewhere. The action is where Friday the 13th gets its superstition from - Phillipe tried to steal the treasury on October Friday the 13th and tortured Jacque DeMolay and others into giving him the secrets of where and how to access the treasury/treasures. DeMolay died a martyr due to him not giving up the secrets.

Treasure Hunters today are still trying to find out where that treasure was moved to and must have been "buried." Puh-lease, all they did was go buy a country somewhere and set up somewhere. Switzerland seems to be the best choice for creating that system away from Phillipe (who had kidnapped the Pope to France) eyes and hands.

Nowhere have I found, to date, as to why pirate ships flew the skull and crossbones as their symbol (how pervasive was it? Good question...) since that was the KT symbol for their banks. Correlation - who knows. Be interesting to find out...

But, anyway, banking secrets go back much much further than anyone thinks...

[FakeNoose]

12. Yes but the no-name Swiss bank accounts

... allowed the bad guys to hide money that was stolen or plundered from their own countries.

As long as you remembered the number of your account, and presented no other ID, you could hide your wealth in Switzerland and never have to explain how you got it or pay taxes on it. That goes back a few hundred years, since long before WWI.

[Hestia]

14. Too true +1

[Hestia]

13. Oh yeah, forgot to mention year Jacque DeMolay died - 1314

so it's been going on quite awhile...in two years, it will be 710th anniversary of Jacque DeMolay's death.

In reading OP, Switzerland has really cracked down on even investigative journalists on reporting of secrets. Must be a response to no Panama Papers happening in their country. Be interesting to see if EU will crack down on secret banking - there are other countries - Malta, Isle of Man, Liechtenstein, these countries are what we are even aware of, like us little people will ever be given the full picture.

The Panama Papers seem to be Putin's bane - all of his insanity seems to stem from him protecting his billions. I wonder how long the Russian Mob will allow him to operate? This is affecting their monies also.

You know, seizing Russian assets here in the US will be a great way to fund infrastructure and other projects, in the short term assuaging Joe Fuckin' Machen. The funds can't be touched by our billionaire or trillionaires, overtly the funds do not come from them. Once funds are seized, it takes decades to give them back. Look at the brouhaha between PBO & GQP over US giving back Iran funds from 1979 Iranian Revolution. The funds held up Iranian nuclear talks.

So, we get to use the funds until forced to give them (though I think we'll never give Russia back any funds) - what's on your plate for funding? I say everything that the GQP has defunded in the last 30 years. We've got the money now...