In 1996 and early 1997, a number of class action lawsuits were filed in the United States of America against several Swiss banks on behalf of "Victims of Nazi Persecution”. The cases called for the release of dormant accounts of Holocaust victims. The plaintiffs alleged that these banks knowingly retained and concealed assets of Holocaust victims and collaborated with and aided the Nazi Regime by accepting and laundering illegally obtained Nazi loot and profits of slave labor. In August 1998, the parties reached an agreement to settle the lawsuits for $1.25 billion, signed in January, 1999. IOM established the Holocaust Victims Assets Programme (HVAP) (Swiss Banks) at the request of the Swiss Banks Settlement Fund. HVAP’s purpose was to process and pay the claims of Holocaust survivors who were members of certain target groups and were not recognised in other reparations programmes, as well as forced or slave labourers for Swiss companies during the Nazi era.
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Publisher:
IOM
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(2015
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Type / Script:
Bulletin or Poster
in English
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Keywords:
LABOUR, REFUGEES, WAR VICTIMS, HOMOSEXUALITY, FORCED LABOUR, SLAVERY, JEWISH HOLOCAUST, HUMAN RIGHTS, CIVIL RIGHTS, WORLD WAR II(1939-1945), SECOND WORLD WAR, JEWS
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Thematic Group:
IOM
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Internatinal Organization for Migration
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Thesaurus:
01.06.01
- Political Events And Issues
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Reference Link:
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