Swiss court stops transfer of client data to US

Posted by 7Star Friday, January 22, 2010

The Swiss Federal Administrative Court issued a ruling Friday halting the transfer of UBS AG client data to the United States.The court said failure to fill out a tax form for the US authorities was not "tax fraud" and therefore under Swiss laws the client's information should not be disclosed. The case was brought by a US client of the Swiss bank and could affect some two dozen others.

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