Swiss adopts rule refusing aid on stolen data requests

1st September 2010, Comments 0 comments

Switzerland has decreed that it would not provide help to countries seeking information on tax cheats if their requests are based on stolen data, the Finance Ministry said Wednesday.

"Requests for administrative assistance will be rejected if they are based on information which was obtained or forwarded due to actions which are punishable under Swiss law," said the ministry after the decree was adopted.

"In particular Switzerland will not accord adminstrative assistance if the request is based on stolen data," it added.

The new rule will enter into force on October 1, 2010 and will not apply retroactively.

It could, however, block any future requests for assistance from German authorities, which acquired in February a CD containing stolen lists of tax cheats who had reportedly hidden money in Swiss bank Credit Suisse.

© 2010 AFP

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