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numbered account
(redirected from Numbered bank account)

   Also found in: Financial, Wikipedia 0.01 sec.
numbered account
n
(Economics, Accounting & Finance / Banking & Finance) Banking an account identified only by a number, esp one in a Swiss bank that could contain funds illegally obtained
Translations
numbered account [ˌnʌmbədəˈkaʊnt] n (in bank) → conto numerato


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Bank secrecy or otherwise known as bank privacy is an authorized standard under which banks are permitted to defend private information concerning their customers, through the utilization of numbered bank accounts.
Swiss numbered bank accounts are legendary to the public as bastions of secrecy, but in reality, the information required to open such an account is the same as that of an ordinary account; completely anonymous accounts are legally forbidden.
However, Russian businessman Gazi Lugev last year complained that Iraqi officials had demanded Pounds 42,000 in a numbered bank account in Jordan for a contract to resell Iraqi oil.
 
 
 
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