Germany pays €1.5m for Julius Baer clients’ data

first_img German prosecutors paid around €1.5m (£1.3m) for client data from Swiss bank Julius Baer, as part of a campaign to clamp down on untaxed German wealth held in Switzerland.A spokeswoman for the prosecutor’s office in the German city of Muenster said the state of North Rhine Westphalia had bought a CD containing data on 200 accounts.The sale happened earlier this summer and the person who sold the CD asked that the proceeds be donated to a charity, the spokeswoman said. Baer would not comment.Germany, along with Italy, the US and France, has been one of the most fervent critics of Switzerland’s banking secrecy laws and has paid in the past for stolen data from Swiss banks in order to catch tax cheats. Pressure has already prompted Switzerland to relax its cherished bank secrecy and comply with international disclosure standards. Germany pays €1.5m for Julius Baer clients’ data Monday 18 October 2010 7:41 pm Show Comments ▼ Tags: NULL whatsapp whatsapp Share KCS-content Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img