Switzerland: Unclaimed Treasure

Secrecy is more than just an honored tradition to the Swiss banker—it is also a potent lure to his clients. International merchants, grafting bureaucrats, tax dodgers, insecure Latin American chieftains—from all over the world they come to deposit their cash in Switzerland's 4,000 banks (one for every 1,360 citizens).

Some prefer regular accounts, but for the really nervous there is nothing quite as safe as a coded number account, since nobody but a Swiss bank's director and one or two top officers ever learns the identity of its owner. So stringent are the rules protecting depositors—bankers who violate them risk...

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