GBO assists companies to establish banking relations across various European banks and financial entities.

With deep-rooted knowledge of Europe’s multifaceted financial environments, we utilize our proficiency to ensure a seamless and streamlined banking initiation process for our clientele. Our services span across a wide range of sectors, including but not limited to emerging tech start-ups, established online businesses, and gaming companies. We tailor our methods to meet the distinct needs and industry-specific demands of each client.

Depend on GBO for an efficient setup of your European banking operations, freeing you to concentrate on what truly counts – the expansion of your business.

Please contact us for opening a business account in Europe

WhatsApp or Telegram us: +972504938469, email us:

    What is Bank Confidentiality?

    Banking secrecy, also known as banking privacy, is a legal principle that allows banks to protect their customers’ personal information, whether through the use of numbered bank accounts or otherwise. Under this principle, banks are prohibited from disclosing customer information unless certain conditions are met, such as a criminal investigation.


    The Way It Evolved

    The origins of banking secrecy can be traced back to the Middle Ages, but it was Switzerland in the early 20th century that codified its strict regulations. It was viewed as a means to safeguard wealth against political instability and other economic threats. This caused the Swiss to become international banking and finance leaders.


    Why We Require It

    Banking confidentiality is required to protect individual privacy. It safeguards against possible threats such as identity theft, fraud, and other financial crimes. In addition, it enables businesses to safeguard their financial data from competitors and protects individuals from unwarranted government intrusion.


    Advantages of banking secrecy

    • Privacy: Assures clients that their financial data will not be shared.
    • Protection against fraud and other financial offenses.
    • Attracts Countries with strong banking secrecy laws are more likely to attract large deposits, thereby strengthening their financial sector.



    • Can be used to conceal ill-gotten gains and to facilitate money laundering and tax evasion.
    • It makes it difficult for authorities to investigate financial crimes, which hinders law enforcement.
    • As was the case with Switzerland, countries with strong banking secrecy laws can face international criticism and pressure.


    The Future of Banking Privacy

    Banking secrecy’s future is uncertain. On the one hand, there is increasing international pressure against it, led by organizations such as the OECD, which argue that it enables tax evasion. On the other hand, a counterargument asserts that individual privacy rights must be protected.


    Banking Secrecy Laws in the 10 Largest Countries

    Recommended for you

    Anjouan Corporate Services: GBO's Comprehensive Solutions for Business Success
    GBO Corporate Services: Your trusted partner for Anjouan corporate services of gaming licenses, company formation, Forenx & crypto license   GBO Corporate Services is a leading provider of comprehensive solutions for entrepreneurs and companies seeking online gaming licenses in Anjouan, Comoros. With our expertise in...
    Curacao Crypto License - a new regulation in coming ahead
    At GBO, we specialize in assisting clients in establishing their crypto-related ventures in various jurisdictions, including Curaçao   Obtaining a crypto license in Curaçao is a strategic decision for those interested in operating in the crypto industry.   The country's favorable tax regime, liberal economic...
    Anjouan (Comoros) Gaming License – A Rising Choice for Gaming Operators and an Alternative to Curacao License
    GBO Corporate Services is a trusted provider of comprehensive solutions for entrepreneurs and companies seeking online gaming licenses in Anjouan, Comoros.   With our expertise in the Anjouan gambling license process, we offer unparalleled guidance and support to navigate the complexities of obtaining and maintaining...