I Went Undercover To Open A Billionaire Swiss Bank Account 

I would love to make a 101 interview on Swiss banking myself really

you would have much more luck pretending to be the assistant of a HNW/UHNW individual, than the actual person.

This is such a delightful coincidence to read this. Such a cool profession you have. Thank you for sharing! 😄

Yo Unc Noah, make this happen.

How bout opening a shell company in caribean?

It's so comforting to know there's always someone to help criminals hide their cash. You should be so proud of yourself.

@@jacquesmertens3369 you have quite an imagination, friend. We would not accept that person as a client and neither would the bank.

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@@ChristopherAnthony-9 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@@Margerat-x My advisor is VICTORIA CARMEN SANTAELLA;

You can look her up online

@@ChristopherAnthony-9 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

i agree , about Fatca, Fbar. it is a PITA to comply, Hence, banks do not whant to deal with it.

Totally! Something that really make us feel like we are watching a secret investigation

Honestly I felt like he went deep. Imagine in that high stress environment. You don’t want to push people bc then you look suspect and every bank won’t even let you on prim. So I think it was good.

Noah makes interviewing random people look easy but it is not. Many people are suspicious and don't want to talk especially in Switzerland but Noah is persistent and really wants a video that will be informative and interesting. Try talking to strangers in a foreign country.

They declined the camera, do you really think they would decline anyone with a decent networth and some cash for the men and women in the suit?

Does that mean foreigners of other countries are still welcomed??

The IRS**, the FDA is the food and drug administration.

@@kindbeast6974 YES! but prepare to deposit 500k-1mil usd initially as well

@@tanks.6352 you need to keep that amount in the account at all times?

The banking secrecy laws changed back when Obama was President, so people can’t hide money easily, especially Americans.

Thanks for teaching me something new.

Very true

Even if you are an american national residing in Switzerland long term it can be a real headache to open a bank account in Switzerland. Thats a problem exclusive for americans tho... I had a friend who had double citizenship (Swiss and American) and she was having problems opening accounts in Switzerland.. I mean, Swiss banks are not as dirty as they used to be 20 years ago. The real dirty money is going somewhere else nowadays (not giving tips for you criminals reading that but try booking it at the Cayman Islands). With higher levels of digitalization and new legislations it is increasingly more risky for swiss banks reputation to deal with "dodgy clients". The image of "the swiss banks are for the villains from 007 and wolf of wallstreet" is something that I would say its already in the past, but still bashed in the media as form of entertainment because its a "known character" in the public imagination the dodgy swiss banker. Swiss wealth management sells itself nowadays with the image of Swiss safety, may it be political (neutrality) or economical stability offered by the Swiss Frank (the oldest coin still in use btw). In resume: the rich put their money in Switzerland because if the world is in shambles maybe Switzerland will be less in shambles than the rest.

so basically your saying the US wants to make sure their citizens pay their fair share? WOW how dare they make the billionaires disclose certain finances to prove they are paying their part. Swiss banks are definitely connected to corrupt money no denying that but your right its not the only institutions in the world that allow corrupt money to flow in and out.

@@Ap_twsh It is not like that for a while already... Not since Automatic Exchange of Information (AEI). Only countries not at the AEI are Algeria, Armenia, Belarus, Benin, Bosnia and Herzegovina, Botswana, Burkina Faso, Cabo Verde, Cambodia, Cameroon, Chad and Congo.

I had the same experience. Got turned down many times.

@Siddharth probably the income source is registered in a different country

@Siddharth big company incorporated in Ireland, Luxembourg, Liechtenstein etc. When you are rich or a big MNC, people are looking for you instead like this guy looking for banker

@@msallehuddinsoeb Indeed, it’s quite rare that the main interested person would do those first approaches by himself/herself. You do phone calls, some emails. Before showing up like that. Lol

Absolute rubbish. You can have multiple bank accounts in any country you like (unless you are an American) without disposing of your Swiss accounts. We have one in Belgium, two in the UK and one in Portugal on top of the four we have in Switzerland. Non asks you to close your foreign or your Swiss accounts, you just have to report them. They claim to be shared info anyway, but that is all bullshit, they want YOU to do the work for them. No banks pay any other fines to other countries except the US, who impose sanctions on banks to give up their US citizens accounts and so then just close them.

it is if u know how, and have the actual money and contacts to do so, mosly u need to be presented by an existing client

The guys are like "Nooo no, we dont do that here." 😁

I think it's because people call and make appointments to open bank accounts and don't just walk right in

Unlike the bank, she did her due diligence

HSBC!! Money laundering bank for the disposables...

isn't the Vatican Bank who take a lot of dirty money.

Yeah, cayman islands or even worse Delaware anyone xD Absolute joke and hypocritical from the USA as we all know they have the biggest amount of hidden money in the world. But with hollywood and all their other propagande they always point on others while being the actual douchebags.

Thanks man. Glad you enjoy it!

What if one was a multi-national, which included US citizenship, but omitted this fact with a medium-sized bank that does not cooperate with the US IRS? Could one reasonably avoid the cruel FBAR and FACTA system? Asking for a friend of course.

@@roseforeuropa there is no way to omit such information without lying. The forms are build in a way where it specifically asks if you possess US citizenship.

@@automationd As far as my understanding of general Swiss law goes, in particular when it comes to finance, oftentimes banks are required to ask certain questions, but, unlike banks in the EU, are NOT required to verify those questions. In addition to that, Japanese law does not recognize dual citizenship (De Jure) although in practice they do (De Facto), so I could use the De Jure interpretation of Japanese civil law on citizenship as evidence that I do not possess a US nationality. Any thoughts? Are you an attorney?

@@roseforeuropa Any respectable bank has a KYC department even in CH, of course they are required to check your information... Switzerland is complying with FATCA and CRS, if a bank registered with FINMA does not implement the required rules they could lose their banking licence. Swiss banking secrecy now only applies to Swiss Residents within Switzerland. Any non resident person with a passeport from one of the OCDE member states would have their bank account data forwarded to their respective tax juridiction. Of course you could lie but you cannot lie about being a Swiss resident since they will ask you to show a residence permit to validate that... This video is just trying to create a buzz around how things were in CH until 2010.

@@bramapouf I think there may be some misunderstanding. My Japanese bank is separate from my American bank, as is my name and identity. There is no reason for a Swiss bank to contact the Americans when I am coming in with a Japanese passport. In fact, only the largest banks even allow Americans to open an account there, typically (UBS, CS, etc.)

Wealthy people keep portion of their wealth in Switzerland because Swiss franc is one of the strongest currencies on the market. In addition to that Switzerland was never part of any war which makes Swiss franc even stronger currency.

@@kartaros002 and inflation is very very low like max 2% is allowed and they aren’t tied to anyone they aren’t EU and NATO members

​@@kartaros002 wow never part of any war when all of Europe was a battlefield?

@@AnonymousanonymousA when certain country goes into war, their currency significantly loses value (since money is needed to buy and maintain military equipment which is crazy expensive) and becomes worthless and in addition to that inflation is raging on which makes country poor. Switzerland tended to be neutral in any war which results in Swiss franc going more stronger and stable currency. Many people choose to retire in Switzerland because of that

​​​​@@kartaros002 i have always wondered why Hitler invaded Poland france Russia and any other country but not Suisse where the big money was stored Very weird isn't it?

Glad you enjoyed it. Was a fun and challenging one to make.

Thanks for the comment (:

It indeed used to be safe and easy, but things have changed. The bank secrecy still applies to all people living in Switzerland.

That would ruin the whole point of avoiding taxes.

@@alexisgomezsalinas3560 that's a cliche about Switzerland anyway. There are far better options to avoid taxes than Switzerland. Most of them are island nations e.g. St. Kitts and Nevis I think

@@nage7438 any banks you personally recommend to help hide taxes?

​@@apollospyrol7168😂😂😂😂

It’s ray ban

It's the meta glasses

Swiss were great

@@noahkagan next visit, visit the country side of Switzerland. Total difference scene.

@@noahkagan ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-2xPV7Q8SUHg.html Swiss Franc!

I love Zurich. Iived there for 4 years. I miss my Swiss friends

Is it easy to move there

Blame the US government.

Uncle Sam tells Americans they are free, then locks them out of choice for banking

Yes, about that... don't research what happened with Nazi money ...

How fake is this? Yes

@@giovannifrrri5495 A school inspector in a developing country showed his very old car & asked a 7th grade student how old is this Car. She said 34 years. School inspector said the answer is correct how did you come to the answer. The student said I have an elder brother who is half mad he is 17 year old you are fully mad so car 34 years old .

@@saladiniub ??????

Dang

Where do you live now? If you Don't mind me asking?

Thanks!!

Thanks for info Emil!

It’s only secret for swiss

So foreigners of other countries are still welcomed in swiss banks??

Tried to.

Thanks Alex!

Exactly

Why? Switzerland keeps the blood money

I opened an account in Switzerland in 2016,but I live and work there. It was not easy, though.

Anyone can open a bank account, as long as you are NOT a US citizen.

@@shortfattoad7317 That's how it is.

corrupt leaders of 3rd world counties can still do it

You can buy property in Switzerland, just very few banks will give you a mortgage and if they do they will require reporting to FATCA and IRS. Also, unless you are a C permit holder, I would not risk it as they can (unlikely) kick you out and then you have to sell your property at below value. Happy to help if you have questions.

Thanks BC! Appreciate that (:

You can't judge that. He's successful too

Thanks so much man.

You talk of Europe as if it was a single country with a single financial system :D

@@iirokangas3434 - Hey Liro! Definitely not the intention. I've lived in many European countries for studies and work so for simplicity's sake I didnt list them all.

Guy could of gotten the real story before anyone

Literally what i thought lmao

😆

Indeed, they know they're guilty and need to hide, but they'll answer one day ...