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"The Templars fled to Switzerland where they established an international



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10.1.1.461.7515
185 "The Templars fled to Switzerland where they established an international
banking system"
"Banking in Switzerland is characterized by stability, privacy and protection of clients' assets and information. The country's tradition of bank secrecy, which dates to the
Middle Ages. According to the CIA World Factbook, Switzerland is "a major international financial
centre vulnerable to the layering and integration stages of money laundering de-
spite significant legislation and reporting requirements, secrecy rules persist and
nonresidents are permitted to conduct business through offshore entities and vari-

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