Can banks still keep a secret? : bank secrecy in financial centres around the world / [edited by] Sandra Booysen, National University of Singapore, Dora Neo, National University of Singapore.

Format:

Book

Contributor:

Booysen, Sandra (Commercial law researcher), editor.

Neo, Dora Swee Suan, editor.

Language:

English

Subjects (All):

Confidential communications--Banking.

Confidential communications.

Banks and banking--Records and correspondence--Law and legislation.

Banks and banking.

Disclosure of information--Law and legislation.

Disclosure of information.

Data protection--Law and legislation.

Data protection.

Physical Description:

1 online resource (xiii, 416 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 2017.

Summary:

The duty to keep customer information confidential affects banks on a daily basis. Bank secrecy regimes around the world differ and multi-national banks can find themselves in conflicted positions with a duty to protect information in one jurisdiction and a duty to disclose it in another. This problem has been heightened by the international trend promoting information disclosure in order to combat tax evasion, money laundering and terrorist financing. The US Foreign Account Tax Compliance Act (FATCA) is perhaps the most well-known. At the same time, data protection legislation is proliferating around the world. This book offers a holistic treatment of bank secrecy in major financial jurisdictions around the world, east and west, by jurisdictional experts as well as chapters by subject specialists covering the related areas of confidentiality in its broader privacy context, data protection, conflicts of laws, and exchange of information for the purposes of combatting international crime.

Contents:

Machine generated contents note: Foreword; Part I. Bank Secrecy in Context: 1. A conceptual overview of bank secrecy Dora Neo; 2. Bankers' duties and data privacy principles: global trends, and Asia-Pacific comparisons Graham Greenleaf and Alan Tyree; 3. Bank secrecy and the variable intensity of the conflict of laws Chris Hare; 4. The international pressures on banks to disclose information Chizu Nakajima; 5. International developments in exchange of tax information Martha O'Brien; Part II. Bank Secrecy in Financial Centres around the World: 6. China Wang Wei; 7. Germany, with references to the EU Christian Hofmann; 8. Hong Kong Stefan Gannon; 9. Japan Reiko Omachi; 10. Singapore Sandra Booysen; 11. Switzerland Peter Nobel and Beat Braendli; 12. United Kingdom Keith Stanton; 13. United States of America Lissa Broome; 14. Conclusion Sandra Booysen.

Notes:

Title from publisher's bibliographic system (viewed on 25 May 2017).

Includes bibliographical references at the end of each chapters and index.

ISBN:

9781108363631

1108363636

9781108364935

1108364934

9781108365192

1108365191

9781108365451

1108365450

9781316508473

1316508471

9781316535219

1316535215

9781108365710

110836571X

9781108366755

1108366759