UBS had a similar capability on their laptops so they facilitate tax evasion for US clients: https://www.cnbc.com/2015/04/30/why-did-the-us-pay-this-form...

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gruez 2 days ago | parent | next [-]

That's probably safer because you can plausibly argue you're protecting your workstation, not unlike corporate security policies that require you to lock your workstation when you get up. Where they get into trouble is when they specifically say "use this when the IRS comes knocking". It's like offering an encrypted chat app (eg. signal) vs offering an encrypted chat app and marketing it to criminals.

https://en.wikipedia.org/wiki/Phantom_Secure#Law_enforcement...

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triceratops 2 days ago | parent | prev [-]

Only the people working on tax evasion had this on their laptops?

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gadders 2 days ago | parent [-]

Probably all bankers.

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triceratops 2 days ago | parent [-]

So why did you say it was to "facilitate tax evasion"?

	▲	gadders a day ago \| parent [-]
		RTFA. That is exactly what it was for - to hide account information from nation-level investigations.