Sept 6, 2011
Swiss authorities will meet some of Washington’s demands to transmit information on accounts held by US citizens in the country, local media reported on Tuesday.
According to Swiss daily TagesAnzeiger, state secretary for international affairs Michael Ambuehl will transmit by Tuesday evening information on the number of accounts and the total sum held by US citizens in Switzerland.
The Swiss Financial Market Supervisory Authority surveyed a number of Swiss banks and determined that between 20 billion to 30 billion dollars (14.2-21.3 billion euros) was held by “tens of thousands” of US customers, the newspaper said.
According to the weekly SonntagsZeitung, the United States has asked for detailed information on US nationals who have hidden their money in Switzerland, basing its report on a letter from the US deputy attorney general James Cole dated August 31, addressed to Swiss authorities.