While managers of Swiss banks in the USA ruefully apologize for their tax evasions practices and customer data is disclosed to the American authorities, Rudolf Elmer, former auditor at bank Julius Bär, is indicted for violating the Swiss banking secrecy law on the Cayman Islands. Rudolf Elmer: from insider to critic.—SwissFilms
While, in the US, Swiss bank managers are apologizing for their practice of tax evasion, and lists of clients are made available to the American authorities, Rudolf Elmer, former auditor at Julius Bär, is accused of violation of the Swiss bank secrecy in the Cayman Islands. Once an insider, Elmer has turned into a critic.—Dschoint Ventschr