South American Real Estate News
/ Category / Uruguay bank secrecy

Uruguay is no longer the Switzerland of the South

Uruguay gradually starting  automatic data exchange with other countries and banking  secrecy will a thing of the past Uruguay is no longer the Switzerland of the South Uruguay has long been the strong box of black money from Argentina and Brazil. Banking secrecy laws similar to Switzerland protected investors from investigation from their home countries. Some say Punta del Este was built on black money from everywhere from Russia to Australia. The Uruguayan government has already made it  more than clear…