Turkey to Seek Information From Switzerland

The Turkish government is preparing to request information about Swiss bank accounts held by Turks. It seems Turkey has analyzed the agreement between the US and UBS and concluded that this constitutes a precedent Turkey can take advantage of to request information about bank accounts of its nationals. It is believed that in excess of $60 billion might be on Swiss bank accounts.

However, this might be running into difficulties as there is currently no information exchange agreement between the Switzerland and Turkey.

If I am not mistaken than the convention has been signed by both countries but is currently pending approval (French) in the Swiss Parliament. The text can be found here (French, German both pdf)

[Source: Hürriyet]

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