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Threatened by isolation, Switzerland lifting veil on secret bank accounts

For decades, Switzerland was the place where money went to hide. Cash sent to its mountain aeries was protected by some of the strictest secrecy laws in the world.

EU leaders back oversight, tax haven sanctions

BERLIN (Reuters) - European leaders meeting in Berlin on Sunday have backed oversight of all financial markets and products, including hedge funds, and urged that sanctions be drawn up to punish tax havens, according to a final statement seen by Reuters.

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