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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Swiss court blocks bank data sharing with US: report AFP - Saturday, February 21 GENEVA (AFP) - - A Swiss tribunal has barred financial regulators from handing banking information of UBS bank clients to US authorities investigating tax fraud, ATS news agency reported. ADVERTISEMENT Siding with a complaint from UBS clients, the tribunal on Friday issued an order forbidding Swiss bank regulator FINMA from giving the plaintiffs' "banking documents to third parties, particularly US authorities," ATS said. The tribunal's decision came amid US Justice Department efforts to break through Switzerland's banking secrecy to go after tax cheats hiding their money in the European country. UBS, Switzerland's biggest bank, reached a settlement with US authorities on Wednesday in which it admitted to US tax fraud and agreed to pay 780 million dollars. The bank was also ordered to hand over details of 250 to 300 US clients. But UBS rejected a new US government lawsuit filed Thursday asking that the bank disclose the identities of some 52,000 US customers who allegedly evaded taxes. Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo The Swiss Parliament (L) is pictured with the logo of Swiss bank UBS on February 19 in Bern. A Swiss tribunal has barred financial regulators from handing banking information of UBS bank clients to US authorities investigating tax fraud, ATS news agency reported. Most Popular – Top Stories Viewed Huge gamma-ray blast spotted in space Malaria: Spoonful of sugar could save thousands of children Seductive chemicals hidden in sloppy kisses UBS plunges 10 pct amid widening US tax fraud probe Trial offers hope for curing peanut allergies View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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