Israel asks Switzerland for help in untaxed money hunt

Pedro Gonçalves
clock • 2 min read

Israel's finance ministry has asked for help from the Swiss authorities in identifying Israelis with undeclared assets at Union Bancaire Privée (UBP) and Bank Julius Baer. The Swiss tax office is currently seeking contact information for account holders and giving the banks 20 days to provide the data. It will then decide whether it can provide assistance to Israel. Thousands of Israelis have disclosed foreign accounts containing billions of dollars under a government amnesty program in recent years, as they sought to avoid prosecution in a crackdown on unreported capital. The Gene...

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