Italian police asked Switzerland information about 10000 banking clients
On Thursday, Italy’s tax police (GdF) have asked the Swiss authorities for information regarding Italians that deposited a total of €6.7 billion ($8 billion) in the country.
The police said in a statement the move, which concerned Italian citizens holding 9,953 financial positions in Switzerland, followed an investigation that last year led to a tax settlement deal between Italy and Credit Suisse.
The tax investigation started in 2014, which didn’t involved the local branch. Then in 2015 the second part of investigation startd and it was over an alleged fraudulent system used by the bank to transfer money offshore, mainly through the use of insurance policies.