Midweek Roundup: Switzerland Says ‘No’ to Iran Central Bank Sanctions, Group Calls for Probe of Banks that Served Ibori, and More

Switzerland will not blacklist Iran's central bank despite EU and U.S. pressure to do so, the government said Wednesday. The Swiss Federal Council did, however, extend financial sanctions against Iran, designating eight Iranian companies and three individuals. More Separately, Mark Pieth, chairman of the Basel Institute on Governance, called for the implementation of anti-money laundering (AML) standards on Switzerland's real estate sector, reported Wednesday. According to Pieth, who was speaking at an April 12 conference, Russian criminals commonly conceal their illicit funds by buying Swiss hotels and other property. More French magistrate Guillaume Daieff has been appointed to investigate...