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Banking secrecy is no longer a secret for tax inspectors

Publication date: 23 April 2010

If it comes to control of foreign currency operation, banking secrecy will no longer be an obstacle for tax services and customs officers. Bankers, however, already got used to provide officials with commercial secrets on demand, and are now even happier with certain official rules to regulate this process.

If it comes to control of foreign currency operation, banking secrecy will no longer be an obstacle for tax services and customs officers - bankers, however, already got used to provide officials with commercial secrets on demand.