For hundreds of other Dutch UBS account holders who did not lodge similar appeals, however, their information was already transferred to the Netherlands from Switzerland.
These funds took in $301 billion in net new money last year, bringing their total assets to $4.8 trillion, a 6.5 percent growth rate over 2014.
The Zurich-based lender plans to expand Signac to monitor all employee behavior, catch breaches of conduct rules, and eventually offer the service to other banks.
Whilst the main aim of the proposal is to tackle crime, corruption and money laundering it is quite likely that one of the aims is to collect beneficial ownership information so that the new rules in relation to UK Inheritance Tax for residential properti
Meanwhile, a new survey out today from executive search firm Wilkinson Partners and law firm Withers recorded a seven per cent increase in the number of female partners hired in the tax and private wealth sectors.
The smartphone app, which has raised more than $7bn (£4.8bn) in funding, and is valued at $62bn, is currently losing money as it ploughs cash into expansion.