By Marleen Kaesebier
THE Swiss government has approved a plan for combating money laundering and terrorist financing that it said would strengthen controls while protecting the integrity of the country as a financial centre.
After conducting a review, the country will now focus on developing instruments for criminal prosecution and stronger supervisory authorities in the coming years, the statement said.
Subscribe now to have unlimited access
With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
View subscription optionsIf you have an account, log in