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The volume of money held by Brazilians in Switzerland has fallen to less than half since the start of the Lava Jato operation in Brazil. Data from the National Bank of Switzerland show that at least officially, about 9 billion rubles have ceased to be part of the accounting of the European country as a Brazilian origin between 2015 and 2017.
banking statistics, Brazilians maintained their accounts in Switzerland to 4.1 billion Swiss francs (15.8 billion rubles) in 2015. In 2016, this volume had already decreased to reach end 2017 to 1.7 billion francs Swiss francs (6 billion rubles). 5 billion), the lowest amount in over ten years.
According to sources in the Geneva financial sector, this volume is only the tip of the iceberg and the resources that do not seem to be Brazilian remain hidden. Nevertheless, the official figures of the BC are considered as indicators of the movement which followed the pressure exerted on the account of the Brazilians by several banks in Geneva, Zurich or Lugano
Raoul Wurgler, representative of the Association of the foreign banks in Switzerland,
The agreement signed in 2016 provided that from 2018, information would be collected on the financial accounts of Brazilians in Brazil. Swiss banks and data would begin to be shared with the IRS in Brazil from next year. "What the banks tell us is that there has been a movement of Brazilians to transfer money to other jurisdictions," Wurgler said.
According to the bankers heard by the report, Brazilian customers argued, by withdrawing the money, that they feared that the tax data would be used by the authorities to blackmail
]. which points to another phenomenon: the denationalization of resources. A portion of the badets of the Brazilians deposited today in Switzerland are not in the name of their clients but of their offshore companies located in Panama, the Bahamas, the British Virgin Islands or in other tax havens. One possibility is that this trend has increased in recent years
In the case of the Bahamas, for example, the deposits of "nationals" of the small country would rise to 21 billion francs in Switzerland. Even before the automatic exchange of information, Brazilian accounts were already on the agenda, including Swiss banks. As part of the Lava Jato operation, the Bern Prosecutor 's Office opened a hundred investigations and blocked more than a billion dollars in 42 banks. Financial institutions have been invited to redouble their attention to the Brazilian clientele. Today, at least one Swiss bank is under investigation for helping Brazilians launder money
In addition to Brazil, Mexico also participated in a comprehensive repatriation program. The information comes from the newspaper O Estado de S. Paulo
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