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Two of the worlds largest banks have come under scrutiny in the last few years for alleged unscrupulous business practices in Switzerland. So what shady things have these banks been accused of? And how does it affect you? Well, first of all, a Swiss banking law in 1934 made it a criminal act for banks to reveal the names of its account holders. This came in handy for Jews during World War 2, when they were able to hide funds from the Nazis -- but the banks have since become an infamous tax haven for the global elite. The UBS, or the United Bank of Switzerland, and the London-based HSBC, short for the Hong Kong and Shanghai Banking Corporation, are some of the worlds largest banks which have benefitted from the 1934 law. UBS accounts and Swiss HSBC accounts have been held by the internationally wealthy - including many celebrities, politicians, royalty, corporate executives and families with old-money. Its safe to say that both banks have had their share of run-ins with the law over
