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Press Release as PDF

On 1 January 2015, new legislation came into force relating to dormant assets in Switzerland. Among other things, this legislation foresees publication of the names of the owners of very old dormant customer relationships on a website. From today onwards, this website is accessible to the public at the following address: https://www.dormantaccounts.ch. If no legitimate party claims the assets that have been published within one year of publication, the banks must by law transfer the assets in question to the government.