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【Wealth Succession】SWITZERLAND: Court upholds company chairman’s conviction for disclosing client data to US

In November, the Federal Supreme Court of Switzerland confirmed the conviction of a Swiss asset manager for personally handing the US authorities a memory stick containing data on 109 of his Zurich-based firm's former American clients (Decision 6B_216/2020). The court ruled this amounted to a forbidden act on behalf of a foreign state and has upheld a CHF10,000 fine imposed on him.


News Source：【Lenz & Staehelin 2021/12】

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