Switzerland overhauls anti-money laundering laws

Pedro Gonçalves
clock
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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login