Washington: Noting that tax evasion is not a criminal offense in Switzerland, a senior Swiss official has acknowledged differences with India on what can be made public about Indians having unaccounted money parked in Swiss banks.

However, the Swiss Foreign Ministry official hoped that with the advent of the new government in India, which has made taking action against black money a priority, the differences would be resolved much quickly. Valentin Zellweger, Director and Legal Adviser, Swiss Department of Foreign Affairs, at the same time asserted that there is no banking secrecy in case of illegal acts.