Meridian, BeWare, the Swiss HAD TO GIVE in to the EU, and now has to give Witholding Tax on ALL EU Citizens to the respective EU States. I also believe there are new regulations the Swiss hv had to adhere to in 2010.
There must be a Reason why, Credit Swiss MOVED ALL Private Banking to Singapore recently......
Check the latest, if affected by ANY changes within Europe....
I'm sure Claude Allain can give a better account on this score than I, after all his father is a Bank Director; which is no small piece of cake in Switzerland.....