U.S. tax evasion case shuts down Switzerland's oldest bank

Q: Founded in 1741, Swiss bank Wegelin announced it was closing after it became the first foreign bank to plead guilty to helping Americans evade their taxes. Where is Switzerland on this map?

Circle the area on this map


Q: Thirteen other Swiss banks are under investigation by U.S. tax authorities, and the Wegelin case has seriously upset the financial community in the nation's largest city . . .

A. Zurich

B. Bern

C. Geneva

D. Berlin

Q: Swiss bankers fear the pursuit of wealthy tax cheats by the United States and many other countries could threaten Switzerland's bank secrecy laws. Who else has been helped by banking secrecy?

A. Refugees

B. Gangsters

C. Politicians

D. All of the above

Q: Switzerland passed a law to strictly enforce bank secrecy in 1934 after a scandal involving politicians, industrialists and church leaders in the nation on its western border . . .

A. Austria

B. France

C. Germany

D. Italy

Q: World War II broke out five years after Switzerland passed its secrecy law. What did Switzerland do in that conflict?

A. Allied itself with Germany

B. Allied itself with France

C. Remained neutral


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