Switzerland overhauls anti-money laundering laws

Pedro Gonçalves
Switzerland overhauls anti-money laundering laws

The Swiss government has adopted new laws against money laundering so that lawyers, notaries and other advisers are required to comply with due diligence obligations.   The anti-money laundering reforms follow recommendations by the Financial Action Task Force's (FATF) 2016 mutual evaluation report. "The proposal will renew Switzerland's defence mechanism for money laundering and terrorist financing by taking account of the latest risk assessments", said the Swiss Federal Council. "I...

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