4/20 John, a question about swiss bank accounts (since you're there). I've
heard some news that they're going to stop issuing those secret
accounts where you don't need any ID to open one. Is that true?
And do you know of any banks there that use biometric data to access
the account? Like retinal scan or some finger printing device.
Thanks.
\_ There haven't been any id-less Swiss bank accounts for a very
long time now. A 'numbered' account simply means that once
you open an account, there is no longer an association between
your name and the account #--you lose the number, you're screwed.
Swiss banks nowadays do a lot of checking to make sure cash isn't
"dirty"--this includes verifying your ID. The main attraction is
the secrecy you get once the account is open. They generally don't
tell anyone. For even more confidentiality and better service, I'd
look at Liechtenstein. Also, I know of no banks that do biometric
ID for the type of money that you or I are looking at. And for
very large accounts (> $5 million) the service is usually personal
("private banking"). There's still a huge legal gap regarding
biometric ID and digital non-repudiation in most countries. I'd
be glad to ask around, though. -John
\_ If the account # and some password or passphrase is the only
thing you need to to access the account, isn't that dangerous?
If either of the two is stolen you're screwed since they don't
check IDs (rather there's no ID to check). That's why i thought
of some biometric system. |