“Switzerland’s highest court ruled on Friday that Swiss bank Credit Suisse was free to transfer data to US authorities concerning clients suspected of tax dodging, ending a long series of legal challenges. In its decision, the Alpine country’s Federal Supreme Court rejected an appeal by Credit Suisse clients and gave its blessing to a request made in 2011 by Washington for data on clients suspected of evading US taxes. The federal court on Friday ruled that Washington’s broad request ‘was not a fishing expedition’ even though the request did not specifically name the suspected clients.”
http://www.thelocal.ch/20130706/swiss-court-oks-credit-suisse-data-transfer-to-us
