The World Jewish Congress office here today issued an English translation of the recently adopted Swiss decree on “Unclaimed Properties of Stateless Persons and Foreigners in Switzerland” and its implementary regulation. The law lifts the stringent Swiss banking regulations that protected the identity of depositors and have, until now, prevented action regarding bank accounts, deposits or other assets left unclaimed since the war.
Enactment of the Swiss legislation follows long negotiations, both by the Allies and various Jewish organizations — Swiss and foreign. The decree deals with all kinds of properties of which it is known or presumed that they belonged to persons who have been “victims of racial, religious or political persecution.”
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