Authorities looking into sequestered funds in Swiss Banks

Although the issue of Greek deposits sequestered in Swiss banks is not new, the Greek government believes that not all possibilities offered by international law were used either recklessly or intentionally, in the past.

The newly elected government of SYRIZA believes that substantial amounts have been deposited in Switzerland by Greek citizens.
The attempt to identify cases of tax evasion and illegal financial transactions are included in the effort to prevent always the same people being the ones paying.

According to governmental sources, the Swiss State Secretary for International Financial and Tax Matters in the FDF Jacques De Watteville, wondered about the lack of interest by Greek authorities during the past period for lawsuits on Greek citizens and businesses in Switzerland.

More specifically, according to Jacques De Watteville, only 15 requests of collection and transfer tax interest data were tendered by the last government.
The need of a much tighter cooperation between the Greek and Swiss Banks on tax issues as well as control of bank deposits and assets of Greek citizens in Switzerland was raised at the meeting.

During the meeting the implementation of an agreement was also agreed on as was the need to strengthen the transmission mechanisms and data exchange between the relevant tax authorities of the two countries.