UBS can challenge client data handover to France
A court has given UBS the legal right to challenge the handover of sensitive client data by the Swiss tax authorities to France. The bank is under investigation by French prosecutors for alleged tax evasion offences.
The Federal Administrative Court on Wednesday granted UBS “party status” to the proposed data transfer after Switzerland green lighted a French request for administrative assistance issued in May. France has demanded a “five-digit” amount of client numbers from UBS, which it had received from the German authorities.
Read more on SwissInfo.ch.