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Money Laundering Cases To Rise, Swiss Watchdog Says; 1MDB Remains In Cross-Hairs

Josh O'Neill

7 April 2017

Switzerland's financial regulator last year dealt with more than twice as many money laundering cases as in 2015, and the number is set to surge, , a global anti-corruption watchdog, conducted an assessment of Switzerland and its efforts to combat money laundering and terrorist financing. The body concluded that the Alpine State must undergo an “enhanced follow-up process”, as the FATF saw “room for improvement in certain areas, for example in the legal framework”.