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GS3 · Economy

Swiss bank deposits: what the data means

1 min readMoney Laundering & Organised Crime
Battle IAS current affairs title card: Swiss bank deposits: what the data means (GS3 · Economy, 20 June 2025)

What happened

  • The Finance Ministry said India receives information on foreign accounts from 100+ jurisdictions, including Switzerland annually [PIB].

Background

  • Reports on rising deposits mix enterprise, bank and individual funds [PIB].

Why it matters

  • Automatic exchange of information is the tool.

How to use this in Mains

GS-III Organised crime, money laundering

  1. As per PIB (2025-06-20): the Finance Ministry said India receives information on foreign accounts from 100+ jurisdictions, including Switzerland annually.
  2. Automatic exchange of information is the tool.
Quotable data point

The Finance Ministry said India receives information on foreign accounts from 100+ jurisdictions, including Switzerland annually.

PIB: Swiss deposits, 20 Jun 2025

Exam angle

UPSC

Prelims: AEOI.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

India receives foreign account info from

Answer (b) & explanation

PIB.

Go deeper

ExplainerMoney Laundering: Stages, PMLA 2002, Enforcement Directorate Powers, FATF Evaluation and Judicial Debate (UPSC Notes + PYQs)

Official source: PIB: Swiss deposits, 20 Jun 2025

facts from cited sources only; faculty review pending