De Saussure, chairman of Banque Pictet & Cie, urged Lebanon to learn from the experience of Swiss banking.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Lebanon's Central Bank Governor Riad Salameh has fiercely defended banking secrecy despite mounting U.S. pressure to disclose the accounts of American citizens in Lebanese banks.De Saussure noted that U.S. authorities became more alert following the Swiss bank UBS scandal in 2009 .De Saussure stressed that the fight against tax evasion is as serious as the fight against money laundering.He urged Lebanese bankers to benefit from the Swiss experience. Most Lebanese bankers admit that other countries are likely follow in the path of the United States in terms of tax disclosure.However, they emphasize that banks are ready to deal with any law passed by the Lebanese Parliament in the future.
FOLLOW THIS ARTICLE