Trump policies amplify banking headaches of Swiss Abroad

Trump policies amplify banking headaches of Swiss Abroad

PostFinance is closing accounts held by Swiss citizens in Cuba – an example of the banking headaches facing Swiss living abroad. The US president is also a factor.

Switzerland wants to make it harder for criminals to hide their assets here. With a transparency register and more due diligence for lawyers. But now of all times the international anti-money laundering efforts are suffering a severe setback.

A clear majority would currently forgo a trip to the USA. The reason for this is the Trump administration. According to a survey by 20 Minuten and Tamedia, various political decisions in Switzerland caused head-shaking.