“As a US hunt for tax evaders and their accomplices gains momentum, many Swiss bankers are afraid to go abroad for fear of arrest, one business leader said. ‘In my opinion, some 1,000 Swiss bankers no longer dare to go to the United States, or even travel abroad,’ Martin Naville, the head of the Swiss-American Chamber of Commerce, was quoted as saying. Swiss banks and industry representatives are increasingly cautioning bankers who have worked with US clients to refrain from travelling outside Switzerland. The long-time tax haven’s banks are believed to have accepted tens of billions of undeclared dollars from US citizens, though they now refuse such money.”
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