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Can Banks Still Keep a Secret?

Can Banks Still Keep a Secret?

Bank Secrecy in Financial Centres Around the World

by Dora Neo and Sandra Booysen
Hardback
Publication Date: 31/05/2017

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The duty to keep customer information confidential affects banks on a daily basis. Bank secrecy regimes around the world differ and multi-national banks can find themselves in conflicted positions with a duty to protect information in one jurisdiction and a duty to disclose it in another. This problem has been heightened by the international trend promoting information disclosure in order to combat tax evasion, money laundering and terrorist financing. The US Foreign Account Tax Compliance Act (FATCA) is perhaps the most well-known. At the same time, data protection legislation is proliferating around the world. This book offers a holistic treatment of bank secrecy in major financial jurisdictions around the world, east and west, by jurisdictional experts as well as chapters by subject specialists covering the related areas of confidentiality in its broader privacy context, data protection, conflicts of laws, and exchange of information for the purposes of combatting international crime.
ISBN:
9781107145146
9781107145146
Category:
Banking
Format:
Hardback
Publication Date:
31-05-2017
Language:
English
Publisher:
Cambridge University Press
Country of origin:
United States
Dimensions (mm):
236x160x30mm
Weight:
0.78kg

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