{"id":96317,"date":"2019-12-12T17:27:28","date_gmt":"2019-12-13T00:27:28","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=96317"},"modified":"2020-02-04T15:50:09","modified_gmt":"2020-02-04T22:50:09","slug":"switzerland-eus-money-laundering-and-stolen-asset-centre","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2019\/12\/12\/switzerland-eus-money-laundering-and-stolen-asset-centre\/","title":{"rendered":"Switzerland: EU\u2019s money laundering and stolen asset centre"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"236\" height=\"340\" src=\"https:\/\/www.lankaweb.com\/news\/items\/wp-content\/uploads\/2019\/12\/splash.jpg\" alt=\"\" class=\"wp-image-96318\" srcset=\"https:\/\/www.lankaweb.com\/news\/items\/wp-content\/uploads\/2019\/12\/splash.jpg 236w, https:\/\/www.lankaweb.com\/news\/items\/wp-content\/uploads\/2019\/12\/splash-208x300.jpg 208w\" sizes=\"auto, (max-width: 236px) 100vw, 236px\" \/><\/figure><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>The\nSwiss profited from Nazism; banking gold stolen by occupied nations and\nholocaust victims. <strong>When Hitler began his\nreign of terror the first thing the Swiss did was to pass laws to guarantee\nanonymity to anyone transferring their savings to a Swiss bank.<\/strong> Was it a\nplan devised between Hitler and the Swiss, we may never know but Jews sent\ntheir wealth before many ended up \u2018missing for ever\u2019 in the torture chambers!\nThe Jews that remained and wanted to regain their assets were refused entry by\nthe Swiss. Their heirs who claimed the deposits in Swiss accounts were slapped\nwith the law of confidentiality &amp; payment was blocked with some Swiss banks\ndemanding death certificates for those who perished in concentration death\ncamps! Such was the \u2018neutral\u2019 behavior of the Swiss Govt. <\/p>\n\n\n\n<p><strong>Switzerland is renowned for being the\nfinancial refuge for stolen wealth which are protected by bank secrecy laws! <\/strong><\/p>\n\n\n\n<p><em>The Tax Justice Network produces a Financial Secrecy Index,\nranking countries for the assistance their legal systems provide, to\nmoney-launderers, and to all people who seek to protect corruptly-obtained\nwealth. The higher the score, the more corrupt the government is. The last time\nthis Index was published<strong>,&nbsp;<\/strong><\/em><strong><a href=\"http:\/\/web.archive.org\/web\/20170221010712\/http:\/financialsecrecyindex.com\/introduction\/fsi-2015-results\"><em>in 2015<\/em><\/a><\/strong><strong><em>, Switzerland was rated the world\u2019s\nmost-corrupt country<\/em><\/strong><em>, and Hong Kong was then #2.<\/em><\/p>\n\n\n\n<figure class=\"wp-block-embed-wordpress wp-block-embed is-type-wp-embed is-provider-global-research\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"0fnEkulOcV\"><a href=\"https:\/\/www.globalresearch.ca\/money-laundering-is-it-really-true-that-switzerland-is-the-1-most-corrupt-nation-and-the-u-s-2\/5627983\">Money Laundering: Is It Really True that Switzerland Is the #1 Most Corrupt Nation, and the U.S. #2?<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Money Laundering: Is It Really True that Switzerland Is the #1 Most Corrupt Nation, and the U.S. #2?&#8221; &#8212; Global Research\" src=\"https:\/\/www.globalresearch.ca\/money-laundering-is-it-really-true-that-switzerland-is-the-1-most-corrupt-nation-and-the-u-s-2\/5627983\/embed#?secret=0fnEkulOcV\" data-secret=\"0fnEkulOcV\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong><a href=\"https:\/\/www.financialsecrecyindex.com\/introduction\/fsi-2018-results\"><em>Financial Secrecy Index \u2014 2018 Results\u201d<\/em><\/a><\/strong><strong><em>, Switzerland is still #1 (most-corrupt), the U.S. is now #2.<\/em><\/strong><\/p>\n\n\n\n<p><em>The report says<\/em><\/p>\n\n\n\n<p><em>the <strong>Swiss will exchange information with rich countries if they have to<\/strong>,\n<strong>but will continue offering citizens of\npoorer countries the opportunity to evade their taxpaying responsibilities<\/strong>.\nThese factors, along with ongoing aggressive pursuit of financial sector\nwhistleblowers (resorting at times to&nbsp;<\/em><a href=\"http:\/\/www.taxjustice.net\/2015\/07\/01\/guest-blog-how-switzerland-corrupted-its-courts-to-nail-rudolf-elmer\/\"><em>what appear to be non-legal methods<\/em><\/a><em>)\nare ongoing reminders of why <strong>Switzerland\nremains the most important secrecy jurisdiction in the world today.\u201d<\/strong><\/em><strong><em><\/em><\/strong><\/p>\n\n\n\n<p>According to the Swiss Bankers\u2019 Association <strong><em>banks in Switzerland hold CHF\n6.65 trillion ($6.5 trillion) in assets under management, of which 48 percent\noriginated from abroad<\/em><\/strong><em>: this made\nSwitzerland the world leader in global cross-border asset management, with a 25\npercent share of that market. In terms of the narrower wealth management\nsector, Deloitte estimated that Switzerland was also the world leader with\nUS$2.04 trillion in assets under management in 2014, compared to the $1.65\ntrillion and $1.43 trillion for the UK and US respectively.\u201d<\/em><em><\/em><\/p>\n\n\n\n<p><strong>Switzerland &amp; Nazi Germany Links<\/strong><\/p>\n\n\n\n<p>For over 70 years\nSwiss has been holding wealth not belonging to it. It is alleged that Swiss\nrecords cover only 10% of deposit accounts with the bankers claiming records\ngot destroyed during normal course of business. <\/p>\n\n\n\n<p>Switzerland also\ncannot erase its guilt of taking looted assets of concentration camp victims\nand giving Germany hard currency to buy war material from Sweden, Portugal,\nSpain, Argentina, Turkey.<\/p>\n\n\n\n<p><strong>In May 7, 1997, a report on the gold\ntrade between the neutral states and Nazi Germany was published.<\/strong><strong><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/www.swissinfo.ch\/eng\/dormant-accounts_how-switzerland-coped-with-holocaust-funds\/44319054\n<\/div><\/figure>\n\n\n\n<p><strong>The\nRole of Swiss Financial Institutions in the Plunder of European Jewry <\/strong><a href=\"https:\/\/www.pbs.org\/wgbh\/pages\/frontline\/shows\/nazis\/readings\/sinister.html\"><strong>https:\/\/www.pbs.org\/wgbh\/pages\/frontline\/shows\/nazis\/readings\/sinister.html<\/strong><\/a><strong> <\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>Swiss admits holding wealth of Jewish\nholocaust victims<\/strong><\/p>\n\n\n\n<p>The\nSwiss National Bank publicly acknowledged it made profits on war time dealings\nin gold bullion with German Central Bank to the tune of 20million Swiss Francs.<\/p>\n\n\n\n<p>Swiss\nNational Bank Vice President Jean-Pierre Roth. Swiss Bank is being accused of\nmelting the German Reichsbank gold to hide its origin!<\/p>\n\n\n\n<p><strong><em>&#8221;Even\nif Germany did steal gold from the countries it occupied and transferred it to\nthe Swiss central bank, there is nothing to indicate that gold from\nconcentration camps was among this,&#8221; <\/em><\/strong><\/p>\n\n\n\n<p>Jewish\ngroups are demanding Swiss banks return the billions of dollars of unclaimed\nassets belonging to Holocaust victims, many who had put their money in Swiss\nbanks before the persecution. &nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Swiss Banks depositories for\npoliticians\u2019 wealth<\/strong><\/p>\n\n\n\n<p>Ferdinand\nand Imelda Marcos flew into exile in 1986 after rigging too many elections\nthroughout 21 year rule and having both army &amp; people turn against him.\nAccording to UK Guardian they went into exile carrying 23 wooden crates, 12\nsuitcases and bags, various boxes that contained clothes to fill 67 racks; 413\npieces of jewellery including 70 pairs of jewel-studded cufflinks; an ivory\nstatue of the infant Jesus with a silver mantle and a diamond necklace; 24 gold\nbricks, inscribed To my husband on our 24th anniversary\u201d; and more than 27m\nPhilippine pesos in freshly-printed notes. The total value was $15m. The\nPhilippine Supreme Court, claims the Marcos\u2019s had accumulated up to $10bn while\nin office.<\/p>\n\n\n\n<p>The\nMarcos\u2019s on 20 March 1968 used false names to deposit $950,000 in four accounts\nwith Credit Suisse, Marcos as William Saunders (he practised his new signature\non the headed paper), Imelda Marcos as Jane Ryan. By February 1970, the Swiss\naccounts were so loaded, the couple added an extra layer of concealment,\ntransferring their ownership to foundations registered in Liechtenstein.&nbsp; <\/p>\n\n\n\n<p>The Swiss is famous for cheese and chocolates but Swiss are also notorious for banking looted money and protecting that too. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Shenali D Waduge<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.huffpost.com\/entry\/swiss-bank-holocaust-fund_n_3597359?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAB1CHaYYrHMvvGsB0GLVn6u_sa9O9vImeN7adhhNRI9tfo9YEGlK4dMIv-wwvfj_P1OD2jFQoSEeofjZ7HOcJWByVZICE7NTcDmzcvdierfriV7pe5xHCTlOincL_gFzgjyKR2yBdjR3lOHGwzahVEi-iCSwDUt_RMvdrmlLwfuO\">https:\/\/www.huffpost.com\/entry\/swiss-bank-holocaust-fund_n_3597359?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAB1CHaYYrHMvvGsB0GLVn6u_sa9O9vImeN7adhhNRI9tfo9YEGlK4dMIv-wwvfj_P1OD2jFQoSEeofjZ7HOcJWByVZICE7NTcDmzcvdierfriV7pe5xHCTlOincL_gFzgjyKR2yBdjR3lOHGwzahVEi-iCSwDUt_RMvdrmlLwfuO<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.theguardian.com\/world\/2016\/may\/07\/10bn-dollar-question-marcos-millions-nick-davies\">https:\/\/www.theguardian.com\/world\/2016\/may\/07\/10bn-dollar-question-marcos-millions-nick-davies<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Swiss profited from Nazism; banking gold stolen by occupied nations and holocaust victims. When Hitler began his reign of terror the first thing the Swiss did was to pass laws to guarantee anonymity to anyone transferring their savings to a Swiss bank. Was it a plan devised between Hitler and the Swiss, we may [&hellip;]<\/p>\n","protected":false},"author":1498,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-96317","post","type-post","status-publish","format-standard","hentry","category-shenali-waduge"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/96317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=96317"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/96317\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=96317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=96317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=96317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}