US And Switzerland End Stalemate Over Client Information

(MENAFN- Swissinfo) The US and Switzerland have ended a years-long stalemate over sharing information about client investments, a step that will allow Washington greater visibility into assets held in the European banking hub. This content was published on June 11, 2025 - 10:06 3 minutes Mercedes Ruehl in Zurich and Stefania Palma in Washington, Financial Times

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The agreement comes amid regulatory examinations of at least eight Swiss companies that do business through a US-regulated entity, said three people with knowledge of the matter. The US Securities and Exchange Commission's examinations, which included smaller managers as well as larger investment group Vontobel, involved some on-site inspections in Switzerland in the past year, the people said.

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The SEC said its examinations are not public and that it does not“confirm [their] existence or non-existence”.

Vontobel declined to comment.

Both countries have a complicated relationship over information about American clients, who long stashed assets in Swiss accounts to avoid US taxes. Swiss firms paid billions in penalties after the two countries reached a previous agreement over sharing information in 2013.

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