Transfer of client data to the United States
Conviction of an asset manager
Katia Villard
— 26 November 2021
The direct transfer of client data across the Atlantic by an asset manager in the context of the tax dispute between Switzerland and the United States constitutes an act performed without right for a foreign state, punishable within the meaning of Article 271(1) of the Swiss Criminal Code. The Federal Supreme Court ruled as such in a judgement of 1st November 2021 intended for publication (6B_216/2020). This is the second time that the judges of Mon Repos have considered this[...]