To what extent was the Swiss banking system responsible for empowering

A programme of InvestigationThe purpose of this investigation is to analyze the extent of the support of Swiss banks towards the Nazi regime. In the analysis, the role of Swiss banks during World contend II as well as the legal action that those banks faced in recent years will be examined. An evaluation of the origin, purpose, value and terminus ad quem of two sources used for research will also be provided in this investigation How Swiss Bank Accounts Work- by Lee Ann Orbinger, and Swiss Banks Settlement In Re Holocaust Victim Assets Litigation, an positive online version of a settlement issued by Judge Edward R. Korman of the United States regulate Court for the Eastern District of New York.B Summary of causeSwiss Code of SecrecyThe Swiss banking system has been renowned for its edict of secrecy, which was established over 300 years ago. This policy was created for the French kings, at the time, which required large sums of financial support under utmost secrecy. In 1713, t he Great Council of Geneva founded a set of regulations prohibiting bankers from revealing any accounting system study with anybody other than the client, unless the Great Council itself agreed upon the disclosure of information. This allowed Swiss banks to be seen as a safe haven for those with illegal possessions, or even out abnormally large bank accounts. Most notably, the noblemen and aristocrats that fled France during the Revolution sought mental home in Switzerland, due to the financial security that was offered. Although the disclosure of account information was frowned upon by the Swiss government, it was not considered a criminal offence. This was until the Banking Act of 1934 was established. impertinent Pressure Switzerlands Banking Act of 1934 was a fede... ... HowStuffWorks.com. HowStuffWorks, Inc., 08 June 2007. Web. 03 Mar. 2012. . Swiss Banks Settlement In Re Holocaust Victim Assets Litigation - Overview. Swiss Banks Settlement In Re Holocaust Victim Assets Li tigation. Web. 03 Mar. 2012. . Switzerlands Role In World fight II. Switzerlands Role in World War II. Ed. Markus G. Jud. http//history-switzerland.geschichte-schweiz.ch. Web. 03 Mar. 2012. .U.S. and Allied Efforts To Recover and restitute Gold and Other Assets Stolen or Hidden by Germany During World War II. United States Holocaust Memorial Museum. May 1997. Web. 01 Apr. 2012. .