Midweek Roundup: Switzerland to Limit Cash Payments, Horse Meat Sales Linked to Laundering, and More

Switzerland's Federal Council is seeking to limit cash payments for property, art, jewelry, gold and other assets to 100,000 Swiss francs in addition to requiring the mandatory identification of the owners of legal entities. The proposals, which are open for comment until June, are in response to the revised Financial Action Task Force standards. More French and German officials believe that a bailout deal with Cyprus should be achieved by the end of March, despite concerns about the jurisdiction's anti-money laundering (AML) regime, Dow Jones said Monday. The officials expressed confidence that AML reforms will be swiftly achieved after Cypriots...