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Banks and other financial institutions in Switzerland filed a record 15,000 suspicious activity reports in 2024, a figure that represents a nearly 30 percent increase year-on-year and further stretches the Swiss financial intelligence unit's limited resources. In a 41-page annual report Thursday, MROS, the Alpine nation's FIU, noted that reporting levels had reached new heights largely as a result of a 50 percent increase in SARs filed on cryptocurrency transactions and legal changes that came into force at the beginning of 2023. That said, Switzerland's SAR volumes remain comparatively low, particularly considering the Alpine nation's status as the world's largest...