Why is Switzerland looking the other way?

The Swiss Have Sent a Chilling Message to Banking Whistleblowers 

From The Wire –

““If governments around the world who have been helped by Hervé Falciani will not protect him, they would make themselves guilty of wilful blindness or of looking the other way while a whistleblower is legally crucified.”

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Singapore is world's No 1 target for banking trojans: Kaspersky

From DNA –

“Singapore ranks as the top country globally for Kaspersky Lab users being attacked by banking trojans in the second quarter of 2015, the security software company said.

According to a study done recently, 496 Kaspersky Lab users in the city-state had sustained such attacks during that period.

In the second quarter of 2015, Kaspersky Lab solutions had deflected attempts to launch malware capable of stealing money via online banking on the computers of 755,642 users globally.

This is a decrease of 18.7% compared to 735,428 in the previous quarter, the company said in a statement.

Switzerland, Brazil and Australia were next in line in the list of top countries respectively. Hong Kong emerged as the fifth country in the list and also as the only other country in the Asia Pacific region.”

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U.S. Data from Swiss Banks May Mean More Prosecutions

From The Wall Street Journal –

“More Swiss banks are coming clean with U.S. authorities and experts say that could mean trouble for U.S. tax cheats and their investment managers.

The U.S. Justice Department said it reached its 20th deal under the Swiss Bank Program last week. The program, which began two years ago, offered leniency to Swiss banks that were hiding Americans’ assets from the Internal Revenue Service if the firms agreed to give up information on account holders. Authorities are ”mining this trove of information,” Acting Assistant Attorney General Caroline D. Ciraolo said in an emailed statement, and have “identified and are investigating individual accountholders who willfully concealed their foreign accounts, as well as domestic and foreign facilitators who helped U.S. taxpayers dodge their obligations.”

The program started in 2013 and authorities began announcing resolutions last spring, with Swiss banks agreeing to penalties ranging from as little as $9,090 to $211 million.”

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