EU Commissioner for Economic and Financial Affairs Pierre Moscovi stated that there is no longer a bank secret in Europe, RIA Novosti reports.

"Bank secrets in Europe have come to an end. If someone has an account in Switzerland, then the transfer of information takes place automatically, that is, we immediately know about it, "said Moscovice in a conversation with France2.

He also added that agreements were signed on information exchange with Liechtenstein, San Marino, Andorra and Monaco.

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