France asks banks for more foreign transfer details
PARIS, Sep 8 (Reuters) – France wants its banks to provide more details on the identity of people transferring money to tax havens and wants a new legal framework to be finalised by the end of September, the budget ministry said on Tuesday.
French President Nicolas Sarkozy has been one of the most vocal of world leaders in calling for an end to banking secrecy and has pressured France’s banks to cooperate.
Budget Minister Eric Woerth said last week France had obtained the names of 3,000 suspected tax evaders with Swiss accounts from three banks.
French rules already allow the tax authorities swiftly to obtain information on the identify of people transferring money to certain states from banks located in France.
“Eric Woerth hopes that these transmissions (of information) can be widened and made more systematic,” his office said after he met banking officials including Baudoin Prot, president of the French Banking Federation and CEO of BNP Paribas.
Woerth hoped the changes to toughen up the legal framework could be finalised before the end of September.