HALISTER1: Swiss Must Improve Anti-Money Laundering Work: Minister in Blick

Swiss Must Improve Anti-Money Laundering Work: Minister in Blick

(Bloomberg) -- Switzerland must work better with foreign authorities to combat money laundering, Justice Minister Simonetta Sommaruga says in interview with newspaper Blick.
  • Says there’s a gap in the law, meaning that Swiss can only act if local bank reports someone
  • Says action should also be possible if foreign authorities report someone on terror watch list with Swiss accounts
  • NOTE: Rolex Buyers Needn’t Worry as Swiss Limit Anonymous Cash

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Simonetta Sommaruga (Swiss Confederation)

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