Swiss banks did a lucrative business with the German Reichsbank and with individual Nazi officials. Symbolically, even the royalties from Hitler's Mein Kampf were deposited in a Swiss bank account.
In a statement to the AFP news agency, Credit Suisse says it co-operated with the Volcker inquiry in 1997-1999 to track down Swiss bank accounts that belonged to victims of Nazi persecution. What are Swiss Bank Accounts? A Swiss bank account is an account that any person can open at a bank in Switzerland (including cantonal banks). The account is identified by a number rather than the client’s name in order to keep the identity of the account holder anonymous. Jul 02, 1998 · One lawyer cites a 1945 document in which a Swiss official states that the banks held $40m-50m in dormant accounts, worth $400m-500m today. That is ten times what the banks have so far uncovered The file was found in a store-room of the former Nazi Headquarters in Buenos Aeries, and on this list were 12,000 names of Nazis living in Argentina in the 1930s. Included on the list were details of Swiss bank accounts. Now Credit Suisse has been asked to investigate and identify if any of these accounts are lying dormant. As of 1 January 2015, the Swiss Banking Act, the Banking Ordinance as well as the Guidelines of the Swiss Bankers Association demand that assets of bank clients with a total value exceeding CHF 500 have to be published after having been without contact for 10 years and dormant for another 50 years, e.g. after a total of 60 years. These assets News List ties Nazis in Argentina to stolen wealth in Swiss bank accounts. A list of 12,000 names of Nazis has been uncovered in Argentina, connecting Credit Suisse to massive amounts of ill
2005 List of Swiss Bank Accounts from the ICEP Investigation. Introduction to the 2005 List of Accounts. On January 13, 2005, the Claims Resolution Tribunal (the “CRT”) published an additional list of names of Swiss bank accounts whose owners were probably or possibly Victims of Nazi persecution (the “2005 List”).
News List ties Nazis in Argentina to stolen wealth in Swiss bank accounts. A list of 12,000 names of Nazis has been uncovered in Argentina, connecting Credit Suisse to massive amounts of ill Nazi hunters at the Simon Wiesenthal centre claim to have identified accounts at Credit Suisse used to funnel looted Jewish money to and from 12,000 German fascists living in Argentina. victims of Nazi persecution by Swiss banks. 4. The Committee’s investigation focused on a specific banking issue: the fate of funds entrusted to Swiss banks by victims of Nazi persecution. Most directly, the objective was to provide for simple jus-tice for those victims (and their heirs) with unsatis-fied claims on accounts in Swiss banks. It Apr 27, 2012 · Swiss Banks Allegedly Destroyed Records of Jews' Bank Accounts . During the Nazi regime, 7 million bank accounts were created in Switzerland. An estimated 60,000 of them were opened by Jews in a bid to salvage their property from the Nazis.
A new cache of documents appears to identify more than 12,000 Nazis who lived in Argentina in the 1930s and who had one or more bank accounts at what is now Credit Suisse bank.
In 1996 and 1997, a series of class action lawsuits were filed in several United States federal courts against Swiss banks and other Swiss entities, alleging that financial institutions in Switzerland collaborated with and aided the Nazi Regime by knowingly retaining and concealing assets of Holocaust victims, and by accepting and laundering illegally obtained Nazi loot and profits of slave labor. Dormant assets at Swiss banks As of 1 January 2015, the Swiss Banking Act, the Banking Ordinance as well as the Guidelines of the Swiss Bankers Association demand that assets of bank clients with a total value exceeding CHF 500 have to be published after having been without contact for 10 years and dormant for another 50 years, e.g. after a total of 60 years. These assets