The account has received the list of the central government of the Indians in Swiss banks, in the second step. With this, the government has taken another step in the fight against counterfeiting. The information was obtained as part of the Automatic Exchange of Information (AEOI) agreement.
The information was provided by the Federal Tax Administration to 86 countries, including India. The Federal Tax Administration said in a statement that it had transferred information on 31 million accounts. Though India’s name is not mentioned in the list, the authorities said that India has also received the information as it is a country that has received information before.
Authorities did not disclose the number of Indians’ accounts or the size of their assets, citing confidentiality conditions. Owners’ names, addresses, country of residence, and tax number are provided. The first phase list details of earlier account holders were received in September 2019. Phase III data will be available in September 2021.