Today, the Swiss parliament adopted a law enabling the exchange of information between banks, which will facilitate investigations into economic malfeasance by foreign nationals living in Switzerland.
Members of the Swiss Parliament have adopted rules that determine the exchange of information of Swiss banks with countries that have signed tax treaties with Switzerland.
Swiss citizens can challenge the text of the law in a referendum within 100 days.
The countries with which Switzerland will now exchange information on suspects of financial malfeasance are the Netherlands, Turkey, Japan, Poland, India, Germany, Kazakhstan, Canada, Uruguay, and Greece.
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