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NEWS: Ethics group urges tougher Swiss action over money-laundering

Premium January 13, 2023
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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

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By John Stonestreet

Swiss prosecutors should enforce laws against money-laundering more effectively as the country remains a soft touch for corporate financial corruption, an ethics group said on Friday.

The Swiss branch of Transparency International said there had been just 10 documented convictions for money laundering and related corruption, carried out in the context of companies’ business transactions, under laws that came into effect in 2003.

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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

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