Aid agencies make case against banking secrecy

June 16th, 2009

Aid organisations from countries currently defending banking secrecy laws say their governments need to change course in the interest of helping developing nations.

With a meeting in Berlin among the Organisation for Economic Co-operation and Development (OECD) unfolding later this month, aid organisations from Switzerland, Luxembourg and Austria united on Tuesday to argue the benefits behind an automatic exchange of banking data.

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