Currently, the Swiss authorities are investigating whether investors buy life insurance or wrapped products from foreign units in Luxembourg, Liechtenstein and Singapore in order to hide assets from tax authorities in the light of the conflict revolving around bank secrecy in Switzerland. Officials said they are about to check whether they should issue specific legislation prevent concealing assets. This warning comes after the regulator agreed to cooperate with international regulators of to avoid being added on the blacklist of the Organization for Economic Cooperation and Development.