I suspect that was in September to the Swiss Banks. Makes sense since the DOJ subpoenaed them.
But I have no idea how the Martial Law will affect the DOJ’s subpoena.
Excerpt:
Switzerland’s largest bank UBS was recently compelled to hand over confidential client data to US tax authorities. It is now at loggerheads with US regulators who want access to fresh information on 52,000 accounts held by wealthy Americans suspected of offshore tax evasion. The issue has snowballed into a major controversy. One side of the Swiss political spectrum seeks a constitutional safeguard for banking secrecy, glorified as a national tradition. The other side supports the internationally prompted move for transparency. The global fallout is that the issue of tax havens will be up for debate at a G-20 summit in April. Switzerland’s not being invited looks like a rap on the knuckles.
Switzerland has long been a secret treasure chest for much of the world’s offshore wealth. Its banks including financial giants UBS and Credit Suisse offer clients privacy and personalised service. But the discretion it treats as brand value is also associated with suspicious opacity. Swiss banks have a point in saying their contracts with clients are based on the promise of privacy. So, disclosures-on-demand are a breach of trust, so important in their trade. But client confidentiality is valid only so far as account-holders’ assets accrue from legitimate activity. That indulgence can hardly be extended to law-breakers seeking tax havens or places to park illegal assets.
The information in the report I saw did not mentin the Swiss Banking industry. The report was about a huge electronic transfer of money that took place in approximately one hours time on one specific day.