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by seanhunter 1576 days ago
This whistleblower is taking substantial personal risk. The Swiss banking secrecy laws provide for 5 year prison terms for people leaking client-sensitive information and when I worked on sensitive things in Switzerland I had to sign a document setting out the penalties and saying that I understood that I was personally liable and could (and probably would) receive jail time for disclosing anything.
3 comments

Considering the profile of the people exposed, shouldn't they be more concerned for their lives than prison?
Yes. It the reversal of this scene here from Morgan Freeman in Batman: https://youtu.be/1z6o1GIEsQE?t=50
I hope we soon can get proper whistleblower law because right now companies get away with way too much crap.

At least the state can use anything leaked no matter how it was obtained against the banks and companies.

My feeling is Switzerland shouldn't be allowed to do that much banking.
The whistleblower could just as easily be an employee of the Russian ФСБ or the US NSA as an employee of Credit Suisse, in which case they wouldn't be at much personal risk.