By Nicholas W. Stuller
Every business day we strive to publish an educational personal finance article employing the highest journalistic standards. In our piece published December 18th, “Tax Havens for the Super Wealthy”, we wrote: “Huge sums of money can be parked in a Swiss bank account, often with no questions asked about where the money came from.” This in fact is incorrect. Switzerland adopted strict policies in 2009 to understand their customers in an effort to avoid money-laundering and other illicit activities.
We have updated the article here and I apologize to all our readers and thank the reader who brought this to our attention.
Nicholas W. Stuller is the Founder and CEO of MyPerfectFinancialAdvisor