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Well attestedFrom the people of the place

Swiss bank account

noun · first attested 20th century

Swiss secrecy became law in 1934 and was largely dismantled by 2018.

An account held in Switzerland, used as shorthand for concealed wealth.

Switzerland·Switzerland

46.7986°N 8.2320°E · Q39

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From the people of the place
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Well attestedThe place link is the standard scholarly account.
Attested
20th century
Part of speech
noun

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    Switzerland

  2. In English

    Swiss bank account

The entry

A 1934 banking act made disclosing a client's identity a criminal offense, turning discretion into a national industry and a thriller cliche. Switzerland began automatically exchanging account information with foreign tax authorities in 2017 and 2018, so the phrase now describes a past more than a present.

Also pinned to Switzerland

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Switzerland

7 more words from Switzerland

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