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The Guardian - UK
The Guardian - UK
World
Kalyeena Makortoff Banking correspondent

Swiss politicians vote against loosening notorious banking secrecy law

A Credit Suisse building in Geneva
A Swiss law known as article 47 makes it a criminal offence to disclose information about a bank’s clients, even if it is in the public interest. Photograph: Fabrice Coffrini/AFP/Getty

Swiss politicians have voted against loosening the country’s banking secrecy laws, drawing criticism from the UN and campaign groups who said the laws will continue to harm press freedom.

A notorious law known as article 47 makes it a criminal offence to disclose information about a bank’s clients, even if it is in the public interest. It means whistleblowers and journalists who report on potential wrongdoing can be prosecuted.

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