Definitely understand that it feels like a slap in the face given Switzerland's tradition of bank secrecy, but the reason these (multinational) banks now do thi

Definitely understand that it feels like a slap in the face given Switzerland's tradition of bank secrecy, but the reason these (multinational) banks now do this is that, generally speaking, they and their customers are paying a modest inconvenience for their past criminal actions. These banks are not solely Swiss; they are multinational corporations and were probably breaking the law. Maybe not Swiss law, but the law of countries they had a nexus with. https://en.wikipedia.org/wiki/UBS_tax_evasion_controversies https://en.wikipedia.org/wiki/UBS_tax_evasion_controversies https://www.accountingtoday.com/articles/a-top-swiss-bank-settles-tax-evasion-dispute-a-decade-after-secrecy-began-to-crumble https://www.accountingtoday.com/articles/a-top-swiss-bank-se... https://www.independent.co.uk/news/business/news/swiss-bank-accounts-not-secret-tax-avoidance-money-laundering-crackdown-a7507696.html https://www.independent.co.uk/news/business/news/swiss-bank-... https://www.channelnewsasia.com/news/commentary/1mdb-najib-razak-jho-low-money-laundering-swiss-bank-accounts-10616388 https://www.channelnewsasia.com/news/commentary/1mdb-najib-r...