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The Swiss Cabinet unveiled legislation that would force banks to actively search for customers whose accounts are dormant for eight years. The bill, which would also force the banks to turn accounts that lie dormant for 50 years over to the state, is the direct result of an international uproar over how Swiss banks handled […]

July 6, 2000
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The Swiss Cabinet unveiled legislation that would force banks to actively search for customers whose accounts are dormant for eight years. The bill, which would also force the banks to turn accounts that lie dormant for 50 years over to the state, is the direct result of an international uproar over how Swiss banks handled Holocaust-era dormant accounts.

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