To what extent was the Swiss banking system responsible for empowering

A Plan of investigationThe purpose of this investigation is to analyze the extent of the support of Swiss banks towards the national socialist regime. In the analysis, the role of Swiss banks during World War II as well as the legal action that those banks faced in new-fashioned years will be examined. An evaluation of the origin, purpose, value and limitation of 2 sources used for research will also be provided in this investigation How Swiss Bank Accounts Work- by Lee Ann Orbinger, and Swiss Banks solution In Re Holocaust Victim Assets Litigation, an official online version of a settlement issued by Judge Edward R. Korman of the linked States District act for the Eastern District of New York.B Summary of EvidenceSwiss Code of SecrecyThe Swiss banking system has been renowned for its code of secrecy, which was naturalized over 300 years ago. This policy was created for the French kings, at the time, which needed large sums of financial support under utmost secrecy. In 1713, the vast Council of Geneva founded a set of regulations prohibiting bankers from revealing any account development with anybody other than the client, unless the Great Council itself agreed upon the disclosure of information. This allowed Swiss banks to be seen as a safe haven for those with illegal possessions, or even abnormally large bank accounts. Most notably, the noblemen and aristocrats that fled France during the Revolution sought refuge in Switzerland, due to the financial security that was offered. Although the disclosure of account information was frowned upon by the Swiss government, it was not considered a criminal offence. This was until the Banking Act of 1934 was established.Foreign insisting Switzerlands Banking Act of 1934 was a fede... ... HowStuffWorks.com. HowStuffWorks, Inc., 08 June 2007. Web. 03 Mar. 2012. . Swiss Banks Settlement In Re Holocaust Victim Assets Litigation - Overview. Swiss Banks Settlement In Re Holocaust Victim Assets Litigation. Web. 03 Mar. 2012. . Switzerlands intention In World War II. Switzerlands Role in World War II. Ed. Markus G. Jud. http//history-switzerland.geschichte-schweiz.ch. Web. 03 Mar. 2012. .U.S. and Allied Efforts To Recover and Restore golden and Other Assets Stolen or Hidden by Germany During World War II. United States Holocaust Memorial Museum. May 1997. Web. 01 Apr. 2012. .