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From 2019 Switzerland will provide all bank details to Pakistan

Faryal Nadeem Apr 17, 2017
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From 2019, Switzerland will start exchanging the bank details and other related information with Pakistan. However, the bank details will also be transferred to 21 countries from 2019. This act has been signed to the contract between the countries before 2018.

The 22 countries include Pakistan, Republic of Seychelles, South Africa, Caicos Islands, Turks, Chile, Argentina, Andorra, British Virgin Islands, Brazil, Burundi, Barbados, Israel, Greenland, India, Monaco, Mexico, Mauritius, San Marino, New Zealand, Uruguay and other two countries.

It is signed in the contract that Switzerland will provide details of all the Pakistani citizens from 2019 January. The information provided will include, the names of the nationals, the birth dates, addresses, tax numbers in Switzerland, account numbers of Swiss Banks, dividends collected over investments, interest, the amount present in the accounts, premiums received over the insurance policies, and money deposited in the Switzerland.

Many of the countries have made a deal with Switzerland for exchanging the information, and they will receive data from 2018 January.