Should Swiss Banks Worry About EU Asset Register?

[Martin Everson]

Article from 2021 but wonder where all this is going ca#"!. Get out of EU while you still can.

https://www.finews.com/news/english-news/47740-money-laundering-fatf-eu-asset-register-swiss-banking
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The European Union is considering keeping track of its citizens' wealth in an central register, something Swiss bankers should take seriously.

A tender for a feasibility study by the bloc on a potential asset register has sparked fears about the prospect of citizens having to account for every last cent.

If those fears turn out to be true, Swiss banks should also take fright.

After the EU interest payment agreement of 2005 and the automatic exchange of bank customer data (AEOI) that has been in force between Switzerland and the EU since 2017, the vestiges of privacy still defended by Swiss financial institutions would come under massive pressure.

There are even plans for the feasibility study on the asset register to look into how precious metals, digital currencies and art can be registered.


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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[JohnnyDoe]

Hail to the EUSR!

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[RaoulDuke]

"Get out of EU while you still can." The more I read, the more clear it becomes that's the only way.

 

[JohnnyDoe]

RaoulDuke said:
"Get out of EU while you still can." The more I read, the more clear it becomes that's the only way.
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The EU only survives thanks to the parasites that keep sucking blood from income producing people. Every animal has its own parasites, but as we know, when the parasites become too many, the animal dies.

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[KDX]

Everybody is just gonna say "well if you've got nothing to hide, why would you care?" until it goes too far. Soon the EUSSR will want to track your location 24/7, all vital signs pinging back to the EUSSR system, fingerprints etc all tracked. Why? Because terrorism or money laundering obviously.

 

[JohnnyDoe]

KDX said:
Everybody is just gonna say "well if you've got nothing to hide, why would you care?" until it goes too far. Soon the EUSSR will want to track your location 24/7, all vital signs pinging back to the EUSSR system, fingerprints etc all tracked. Why? Because terrorism or money laundering obviously.
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That's only until the EUSR becomes Arab-speaking, at which point its destruction will be completed.

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​