India, Swiss Confederation to sign MoU on railway infrastructure
President of the Swiss Confederation Doris Leuthard, who is on a four-day visit to India, received a ceremonial welcome at the Rashtrapati Bhawan on Thursday.
Aug 31, 2017, 12:52 PM IST
Now, Switzerland to publish list of dormant bank accounts
The Ombudsman further said that a new banking law, which has come into force this year, has mandated that "assets over 500 Swiss franc that have been dormant for 50 years, that is 60 years after the last contact, have to be published.
"If, following this publication, no justified claims are reported, the assets must be liquidated and their net proceeds will be transferred to the Swiss Confederation.
