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Huli and asked can I still hide money in Swiss banks Im Andrew Henderson this is one minute Nomad the lore around Swiss banking has a lot of misconceptions it was never legal to avoid taxes or hide your money in Switzerland what didnt happen is you had super strong bank secrecy laws in Switzerland where they wouldnt tell on you and therefore the lesser enforcement mechanisms of the 70s and 80s allowed people to get away with it now we have FATCA we have CRS we have the Swiss banks that have been leaned on and pressured to disclose information so no for the purposes of avoiding taxes you cant hide your money in Swiss banks and legally speaking you never could you could simply get away from it where bank secrecy laws in places like Switzerland still work is if you come from a country where youre worried about your banker having all of your information and giving it over to a criminal enterprise for example people in parts of Latin America who are reward about a drug cartel getting i