Direkt zum Inhalt

From the magazine SZW-RSDA 2/2016 | S. 109-109 The following page is 109

Editorial | Éditorial

This issue is almost entirely dedicated to the law of banking and financial services. The first three contributions were presented at the recent Journée de droit bancaire et financier in Geneva.

I examine the duties and liabilities of clients towards their banks in respect of their tax compliance. I conclude that a bank (or any other financial intermediary for that matter) cannot hold a client liable for not paying taxes or even for not disclosing this fact spontaneously. It is the bank’s responsibility to request the relevant information and documents, to which the client must answer truthfully and provide true and accurate documents.

In fiscal as in other matter, the duties of financial intermediaries to collect and verify client information is becoming ever more onerous. Sylvain Matthey questions where “Know Your Customer” obligations is leading us. In just a few pages, he succeeds in providing useful specific information as much as bringing into perspective the deep trends, and the…

[…]