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Monday, January 17, 2011

WikiLeaks promises Swiss banking secrets revelations

London (CNN) -- A Swiss whistleblower plans to hand over the "offshore banking secrets of the rich and famous" to WikiLeaks, the website dedicated to revealing secrets said.
Rudolf Elmer, who describes himself as an activist/reformer/banker, was set to hand over the papers Monday.
"I think as a banker I do have the right to stand up if something is wrong," he said at a news conference in London.
Elmer is due to go on trial Wednesday in Switzerland for violating the country's banking secrecy regulations.
He said he wanted "to let society know what I do know and how this system works because it is damaging our society in the way that money is moved" and hidden in offshore jurisdictions.
He began looking into the issue when he was a banker in the Cayman Islands, he said.
When he first looked into the problems of offshore banking he said it looked like "a mouse tail," but as he investigated in the Cayman Islands and Switzerland, it became a "dragon's tail," and finally a many-headed dragon.
Elmer will not reveal names, lawyer Jack Blum said Monday, saying it was not always
possible to determine who, if anyone, had engaged in "criminal tax evasion."
Elmer aims to "challenge Swiss Bank Secrecy at the European Court of Human Rights and the Swiss courts," he says on his website. He has worked at six offshore banking centers, he says.

Elmer and WikiLeaks founder Julian Assange worked together on a complaint against Swiss banking secrecy at the European Court of Human Rights in 2008.

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