Aug 262015
 August 26, 2015  Non-U.S.

Press Trust of India reports:

At a time when it is under global pressure, including from India, on black money menace, the Swiss government has rejected the popular initiative to allow strict privacy in financial matters.

The decision also comes at a time when Switzerland is slowly shedding the veil of its famed banking secrecy practices amid global efforts being stepped to curb flow of illicit funds in the financial system.

Read more on Business Standard.

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