Can Banks Still Keep a Secret?: Bank Secrecy in Financial Centres around the World

Edited by Sandra Booysen , Dora Neo

ISBN 10: 1316508471 / ISBN 13: 9781316508473

Published by Cambridge University Press, 2018

About this Item

reprint edition. 430 pages. 8.98x5.98x1.02 inches. In Stock.

Seller Inventory # x-1316508471

Bibliographic Details

• Title: Can Banks Still Keep a Secret?: Bank Secrecy in Financial Centres around the World
• Publisher: Cambridge University Press
• Publication Date: 2018
• Language: English
• ISBN 10: 1316508471
• ISBN 13: 9781316508473
• Binding: Paperback
• Condition: Brand New
• Weight: 0.8 kilograms

About this title

Synopsis

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.

About the Authors

Sandra Booysen is Associate Professor at the Faculty of Law, National University of Singapore and executive committee member of the Faculty's Centre for Banking and Finance Law. Her teaching and research interests are in the fields of contract and transactional banking.

Dora Neo is Associate Professor at the Faculty of Law, National University of Singapore and Director of the Faculty's Centre for Banking and Finance Law. Her teaching and research interests are in the fields of contract, banking law and secured transactions. This project was financed by the Centre for Banking and Finance Law, Faculty of Law, National University of Singapore.