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Swiss Banking Act of 1934

1934 · 20th century · Also known as Federal Act on Banks and Savings Banks

The Swiss Banking Act of 1934, the Federal Act on Banks and Savings Banks, was the first federal law regulating Swiss banks, passed after the banking crises of the early 1930s. Its article 47 made the disclosure of client information by bank employees a criminal offence, giving Swiss bank secrecy the force of criminal law. That secrecy was greatly reduced from 2009 under international pressure.

Swiss Banking Act of 1934
Image: Flooffy · CC BY 2.0 · Wikimedia Commons
Cite this entry
APA
The Epoch Institute. (2026). Swiss Banking Act of 1934. In The Epoch Institute Encyclopedia. https://the-epoch-institute.org/encyclopedia/swiss-banking-act-of-1934
MLA
“Swiss Banking Act of 1934.” The Epoch Institute Encyclopedia, The Epoch Institute, 2026, https://the-epoch-institute.org/encyclopedia/swiss-banking-act-of-1934. Accessed .
Chicago
The Epoch Institute. “Swiss Banking Act of 1934.” The Epoch Institute Encyclopedia. 2026. https://the-epoch-institute.org/encyclopedia/swiss-banking-act-of-1934.
Harvard
The Epoch Institute (2026) ‘Swiss Banking Act of 1934’, The Epoch Institute Encyclopedia. Available at: https://the-epoch-institute.org/encyclopedia/swiss-banking-act-of-1934 (Accessed: ).

Last reviewed October 2026Random entry ↻