This document discusses Swiss banking and its relationship to India. It provides background on why Swiss banks are considered some of the safest in the world due to factors like banking secrecy laws and stable economy. It outlines Swiss bank account laws and exceptions for sharing information. It also discusses the history of Swiss banking and how the country's banking secrecy has evolved over time, including in response to world events like World War II and concerns about money laundering. In addition, it addresses how Swiss bank accounts have impacted issues in India like tax evasion, terrorism, and corruption.

1. SWISS BANKING AND INDIA Presented by- AnantDhingra(10810004) Anuj Madaan(10810009) Maninder Pal Singh(10810029)

2. Agenda Introduction Why Swiss Banks? Swiss Bank Accounts & Laws Facts about Switzerland Swiss Bank History Money Laundering Hawala Preventive Measures

3. Why Swiss banks are counted as safest banks in the world ? 1. Switzerland has had an extremely stable economy and infrastructure for many years. 2. Swiss bankers are also highly trained in investing and know how to grow your money. 3. Swiss franc is considered one of the world's premier currencies with virtually zero inflation and has been historically backed by at least 40 percent gold reserves. 4. Swiss banks are also known to have very sophisticated investment services and Internet banking.

4. 5. Swiss law forbids bankers to disclose the existence of your account without your consent 6. In Switzerland, if a banker divulges information about a bank account without permission, immediate prosecution is begun by the Swiss public attorney 7. Bankers face up to six months in prison and a fine of up to 50,000 Swiss francs

6. Debt recovery and bankruptcies

7. Criminal proceedings (money laundering, association with a criminal organization, theft, tax fraud, blackmail, etc.)

10. Millionaires

11. Criminals to hide ill-gotten wealth

12. Middle class people

14. Switzerland is not a member of the NATO, nor a member of the European Union The rights of the individual Swiss citizens are protected by three political safeguards A Weak Chief Executive The Referendum The Initiative

15. Swiss Banks Two largest banks of Switzerland are Union Bank of Switzerland and Credit Suisse Group which together account for over 50 percent of the balance sheet total of all banks in Switzerland. Raiffeisen Group Regional and local Cantonal

17. The first Swiss banking clients were the kings of France

18. The Great Council of Geneva, in 1713, established regulations

21. In 1984, the people of Switzerland once again voted in favor of maintaining bank secrecy by a whopping 73 percent.

23. Money Laundering

24. Money-laundering Methods Black Market Currency Exchange Structuring deposits Overseas banks Underground/alternative banking Shell companies Investing in legitimate businesses

25. Hawala

26. Effect on India Tax evasion Terrorism Activities Drug trafficking Counterfeiting of Indian currency Transnational organized crime Human trafficking Corruption

27. Preventive Measures Governments Efforts Prevention of Money-Laundering Act, 2002 came into effect on 1 July 2005 Proposed Indo-Swiss tax treaty Memberships Financial Action Task Force (FATF) Asia Pacific Group (APG) Egmont Group of Financial Intelligence Units

28. Thank You