By Vish Gain for AMLi
SWITZERLAND IS RENOWNED for being one of the world’s richest, safest, and most picturesque countries. But behind this facade of prosperous stability lurks a ubiquitous and ugly truth — it is a haven for corporate criminals. A Transparency International (TI) report has found that Switzerland weak corporate criminal laws have led to only eight convictions in almost 20 years, despite a 2003 law that makes firms criminally liable if they fail to prevent serious financial crimes.