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Swiss officials have disclosed plans to extend anti-money laundering requirements to law firms and build a federal database of beneficial owners to clamp down on shell company-enabled financial crime. Switzerland, one of the remaining handful of European countries without a register, currently requires legal entities to make records of their owners available to public authorities on request. But the proliferation of registers across the EU along with heightened global expectations prompted the federal government to develop the legislation, which the Federal Council, the Swiss executive branch, published Wednesday. "Transparency measures currently in force are insufficient on several points, and the...