Rahman Ravelli
Rahman Ravelli Logo
Call Our 24hr Rapid Response Team: 0800 559 3500
Our Services Sectors International About Us Legal Articles News Contact
24hr Rapid Response Team: 0800 559 3500
24hr Rapid Response Team: 0800 559 3500
 

/ News / Switzerland's banks are to strengthen anti-money laundering measures

Switzerland's banks are to strengthen anti-money laundering measures

Switzerland's banks are to strengthen anti-money laundering measures following a government-commissioned report that said the country was still vulnerable to financial crime.

Rules will come into force next year to make it harder for criminals to hide their money in companies with obscure ownership structures.

“The fight against money laundering and terrorist financing are central issues for the Swiss financial centre," the Swiss Bankers Association said in a statement.

From 2016, banks will face a new requirement to identify the controlling owner of legal entities and private companies. Such a requirement may mean that many require specialist legal advice to make sure they comply. Failure to seek such advice could prove disastrous.

Read the article 'Shared Intelligence'.

Switzerland's banks are to strengthen anti-money laundering measures

Rahman Ravelli

Serious Fraud, Regulatory and Complex Crime Lawyers

enquiries@rahmanravelli.co.uk
0800 559 3500 -

Request a Callback

London Office: +44 (0)203 947 1539
Midlands Office: +44 (0)121 231 7025
Northern Office: +44 (0)1422 346 666
24hr Rapid Response: 0800 559 3500

Need Help or Advice?

Share this article on