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Swiss bank secrecy is regulated by both civil law (including the Banking Act) and criminal law. Violation of the secrecy can thus be subject to double punishment:

• Fine and imprisonment for the banker pursuant to the Banking Act and the criminal code.
• Damages for the client pursuant to the duty of care

Economic or tax espionage on behalf of the authorities of a third country is also punishable by criminal law.

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Banking Act of 1934 Bank secrecy and the Swiss criminal code Fundamental texts on Swiss bank secrecy Economic espionage and the Swiss criminal code