Report Wire - India will get third set of Swiss financial institution particulars

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India will get third set of Swiss financial institution particulars

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India gets 3rd set of Swiss bank details

India has obtained the third set of Swiss checking account particulars of with Switzerland as a part of an annual train beneath which the European nation has shared particulars of almost 33 lakh monetary accounts with 96 international locations.
The Federal Tax Administration (FTA) of Switzerland mentioned in a press release Monday that the trade of data this yr concerned 10 extra international locations — Antigua and Barbuda, Azerbaijan, Dominica, Ghana, Lebanon, Macau, Pakistan, Qatar, Samoa and Vauatu. While the trade was reciprocal with 70 international locations, Switzerland obtained data however didn’t present any within the case of 26 international locations — both as a result of these international locations don’t but meet the worldwide necessities on confidentiality and knowledge safety (14) or as a result of they selected to not obtain knowledge (12).
While the FTA didn’t disclose names and additional particulars of all 96 nations, officers mentioned India figured amongst these having obtained the knowledge for the third yr in a row and the small print shared with Indian authorities pertained to many people and firms having accounts in Swiss monetary establishments. —With PTI Inputs