Swiss bank secrecy

Swiss banking secrecy is considered a civil right in Switzerland and an essential part of the individual's privacy. Whether an individual is Swiss or a foreigner using financial services in Switzerland one's personal information is considered secret.

Swiss financial institutions like ACM have the obligation to protect its customer's account details with utmost confidentiality from any and all third parties. Account confidentiality is considered a valuable constituent of financial business in Switzerland.

The Federal government can however in the case of funds suspected to originate from criminal activities bypass the banking secrecy act of 1934 and investigate suspected accounts. ACM complies with financial due diligence procedures in order to avoid any such occurrence.

Swiss citizens are currently voting to include the right to banking secrecy in the Swiss constitution.