October 10, 2018 / 11:00 AM / 3 months ago

Swiss supreme court knocks down bid to extend bank secrecy

Former Swiss private banker Rudolf Elmer (R) arrives before a hearing at the Swiss Federal Supreme Court in Lausanne, Switzerland October 10, 2018. REUTERS/Denis Balibouse

LAUSANNE, Switzerland (Reuters) - Switzerland’s highest court ruled on Wednesday against prosecutors seeking to extend the country’s bank secrecy law to cover whistleblowers wherever they are in the world.

In a case that drew international scrutiny, the court by a 3-2 majority rejected an appeal by Zurich prosecutors in a case involving former private banker Rudolf Elmer.

Reporting by Stephanie Nebehay, Editing by Michael Shields

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