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MercoPress, en Español

Montevideo, November 15th 2024 - 08:18 UTC

Tag: politically exposed persons” (PEPs).

  • Saturday, November 26th 2016 - 12:18 UTC

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

    The list of illicit funds that have been seized in Swiss banks and later returned to the country has steadily grown to include Montesinos (Peru) and Mobutu (Zaire)

    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).