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Montevideo, July 23rd 2024 - 15:31 UTC



Switzerland has returned US$ 2bn of illicit funds stashed in its banks by dictators

Saturday, November 26th 2016 - 12:18 UTC
Full article 4 comments

With a new law to help seize and repatriate illicit wealth stashed in Swiss banks by foreign dictators and a positive – but slow - track record, Switzerland is a leader in the return of illicit dictator funds, a top Swiss official claims. Over the past 30 years Switzerland has returned almost US$ 2 billion misappropriated and deposited in Swiss banks by “politically exposed persons” (PEPs). Read full article


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  • Jmejia490

    I with we could do the same with the gold that the spaniards have been taking From Latin America for over 500 years

    Nov 26th, 2016 - 05:02 pm - Link - Report abuse 0
  • Kanye


    Not to worry, you have your own thieves now - Lula, Evita K, Dilma, Maduro, etc.

    Nov 26th, 2016 - 05:56 pm - Link - Report abuse +4
  • ChrisR

    @ Jmejia490

    Would you like to post in English instead of gibberish?

    I wonder how many of The Broad Fraud have a Swiss bank account?

    Nov 26th, 2016 - 07:06 pm - Link - Report abuse +1
  • Enrique Massot

    Follow the money and you will have chances of being right.
    Switzerland's action is a step in the right direction.
    For too long, dictators of all sorts felt they could commit crimes and theft against their own people because of their ability to stash money away, banking secrecy being their main ally.
    The world must now take measures to reduce to a minimum the avenues to evade taxes and launder money, used not only by dictators but by large corporations and drug traffickers, without which the long, expensive and unsuccessful “war on drugs” is but a red herring.

    Nov 26th, 2016 - 10:23 pm - Link - Report abuse +2

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