Italian authorities target Swiss banks in wake of UBS fine

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Italian authorities target Swiss banks in wake of UBS fine

Guardia di Finanza, a financial police authority in Italy, has sent letters demanding Swiss lenders to reveal the the names of bankers working in the country, Bloomberg has reported. The authority wants to know more about the business that these banks entertain in Italy, in particular which type of business, how money is being administered and who the banks employ in the country. The Italians have sent similar letters to banks in Liechtenstein and Monaco. The letter contains a deadline,...

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