News

After a global evaluation knocked Switzerland for not fully grasping its unique vulnerabilities to financial crime, the Swiss government has made strides towards identifying the threats but their newfound awareness has yet to translate into stronger laws and regulations. In October, six years after publishing their country's first national risk assessment, Swiss officials updated the report to reflect their conclusion that "the considerable risk of money laundering to which Switzerland is exposed has not changed fundamentally" and continues to mainly originate from "prior offenses committed abroad." At first glance their conclusion suggests nothing remarkable or even notable has occurred in...