Philippe de LaCroix Associes - Specialists in Exclusive Swiss Private Banking

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Information about Philippe de LaCroix Associes - Specialists in Exclusive Swiss Private...

Published on November 14, 2007

Author: HYR

Source: slideshare.net

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Company Presentation of Philippe de LaCroix Associes - Specialists in Exclusive Swiss Private Banking

Philippe de LaCroix Associes Specialists in Exclusive Swiss Private Banking

Our clients Philippe de LaCroix Associés deal with: Royalty Nobility Entrepreneurs Celebrities Successful Individuals

Philippe de LaCroix Associés deal with:

Royalty

Nobility

Entrepreneurs

Celebrities

Successful Individuals

Our Philosophy At Philippe de LaCroix we believe; Switzerland is Banker to the world. Everyone needs two Bankers, and one must be Swiss. Money talks - wealth whispers.

At Philippe de LaCroix we believe;

Switzerland is Banker to the world.

Everyone needs two Bankers,

and one must be Swiss.

Money talks - wealth whispers.

Why Switzerland ? Long established Economic & Political Stability Unmatched Private Banking Professionalism developed over hundreds of years Legally protected Confidential Banking Accounts for 40% of all “Off-shore” banking Tax haven status for non-residents

Long established Economic & Political Stability

Unmatched Private Banking Professionalism developed over hundreds of years

Legally protected Confidential Banking

Accounts for 40% of all “Off-shore” banking

Tax haven status for non-residents

Client Confidentiality Enshrined under Swiss Law: Art. 47 of the Federal Law on Banks and Savings Banks Art. 13 Swiss Constitution Limits of Swiss Bank Client Confidentiality: Clients privacy is not aboslute and no protection is afforded to the proceeds of criminality or certain proceedings

Enshrined under Swiss Law:

Art. 47 of the Federal Law on Banks and Savings Banks

Art. 13 Swiss Constitution

Limits of Swiss Bank Client Confidentiality:

Clients privacy is not aboslute and no protection is afforded to the proceeds of criminality or certain proceedings

Fight against Money Laundering According with the strict rules we can say Switzerland has the world’s most effective mechanism for dealing with money from criminal sources. The Swiss Money Laundering Act (in force since 1998) obliges all financial intermediaries “apporteurs d’affairs” as well as banks to identify all clients and to establish the beneficial owners of the assets. We must report any justified suspicion of money laundering to the authorities and freeze the suspicious assets. For more than 20 years now, banks in Switzerland have observed a "Due Diligence Agreement" which contains the "know your customer" rules. The Due Diligence Agreement was a key point of reference when the Money Laundering Law is being drawn up. Further rules and regulations against money laundering are laid down in the Swiss Criminal Code and the Federal Banking Commission guidelines of 26 March 1998.

According with the strict rules we can say Switzerland has the world’s most effective mechanism for dealing with money from criminal sources.

The Swiss Money Laundering Act (in force since 1998) obliges all financial intermediaries “apporteurs d’affairs” as well as banks to identify all clients and to establish the beneficial owners of the assets.

We must report any justified suspicion of money laundering to the authorities and freeze the suspicious assets.

For more than 20 years now, banks in Switzerland have observed a "Due Diligence Agreement" which contains the "know your customer" rules. The Due Diligence Agreement was a key point of reference when the Money Laundering Law is being drawn up.

Further rules and regulations against money laundering are laid down in the Swiss Criminal Code and the Federal Banking Commission guidelines of 26 March 1998.

Our Process Preliminary free assessment of needs. Detailed client profiling and assessment. Anonymous submission to various Private Bankers. Negotiation with Bankers to produce Banking proposals. Discussion and advice on proposals received and selection. Agreement and implementation of necessary Legal structures. (Where required) “Distance Handling” facility of the account. (Where required) “Three Year Report” service.

Preliminary free assessment of needs.

Detailed client profiling and assessment.

Anonymous submission to various Private Bankers.

Negotiation with Bankers to produce Banking proposals.

Discussion and advice on proposals received and selection.

Agreement and implementation of necessary Legal structures.

(Where required) “Distance Handling” facility of the account.

(Where required) “Three Year Report” service.

Distance Handling For those clients who wish to manage their accounts in Switzerland through ourselves rather than personally. Clients choose this service for a variety of personal and/or business reasons, or because of concerns that confidentiality may become compromised at their end.

For those clients who wish to manage their accounts in Switzerland through ourselves rather than personally.

Clients choose this service for a variety of personal and/or business reasons, or because of concerns that confidentiality may become compromised at their end.

Frequently Asked Questions (1) Is there a minimum sum required to open an account in Switzerland? The answer is no, but the number of Banks who will be interested may be restricted because a great number of Banks do operate a policy of a "de minimis" figure. However the main benefit of a larger sum is not only opening up the choice of interested  Bankers, but also the potential performance of any investment, which will be enhanced through a greater spread of opportunities than is possible with a smaller sum.  

Is there a minimum sum required to open an account in Switzerland?

The answer is no, but the number of Banks who will be interested may be restricted because a great number of Banks do operate a policy of a "de minimis" figure. However the main benefit of a larger sum is not only opening up the choice of interested  Bankers, but also the potential performance of any investment, which will be enhanced through a greater spread of opportunities than is possible with a smaller sum.

 

Frequently Asked Questions (2) Is there any risk particularly associated with dealing with private banks in Switzerland?  No. Banking in Switzerland is very strictly regulated; for example, a Bank failure is a matter of criminal culpability under Swiss law. That is part of the reason for the stability and reputation of the Swiss Banking system. Indeed it is in the smaller boutique banks are often the ones where your affairs will receive the most personal level of service and where the bankers have a personal liability for the affairs of their Bank. Of course we are using the term "small" as a relative term; even these small boutique banks will have portfolios of many hundreds of millions.

Is there any risk particularly associated with dealing with private banks in Switzerland? 

No. Banking in Switzerland is very strictly regulated; for example, a Bank failure is a matter of criminal culpability under Swiss law. That is part of the reason for the stability and reputation of the Swiss Banking system. Indeed it is in the smaller boutique banks are often the ones where your affairs will receive the most personal level of service and where the bankers have a personal liability for the affairs of their Bank. Of course we are using the term "small" as a relative term; even these small boutique banks will have portfolios of many hundreds of millions.

Frequently Asked Questions (3) Is an account in Switzerland subject to taxation in a client's own tax jurisdiction? We cannot advise you about tax liabilities in your own tax jurisdiction, however we can confirm that -if our advice is followed- then under current legislation the income from any account you open through us will not be subject to withholding tax at source.

Is an account in Switzerland subject to taxation in a client's own tax jurisdiction?

We cannot advise you about tax liabilities in your own tax jurisdiction, however we can confirm that -if our advice is followed- then under current legislation the income from any account you open through us will not be subject to withholding tax at source.

Philippe de LaCroix Associés Specialistes de Banques Privées Suisses Stockerhof Dreikoenigstrasse 31 A, 8002 Zurich, Switzerland Tel: 0041 (0)44 208 3170 Fax: 0041 (0)44 208 3500 email: [email_address]

Philippe de LaCroix Associés Specialistes de Banques Privées Suisses Stockerhof Dreikoenigstrasse 31 A, 8002 Zurich, Switzerland

Tel: 0041 (0)44 208 3170 Fax: 0041 (0)44 208 3500 email: [email_address]

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