Tag: Swiss banks

• Wednesday, November 24th 2021 - 09:06 UTC

  Several Swiss banks “reprimanded” for breaching laundering rules with Venezuelan clients

  

  Several Swiss banks have been reprimanded for breaching laundering rules involving people linked to Venezuela's state oil company PDVSA, and have been ordered to terminate all business links with Venezuelan clients as well as with risky clients.

• Sunday, May 7th 2017 - 14:54 UTC

  German Swiss spat over spying to catch tax dodgers

  

  German investigators suspect that a mole spied for Swiss intelligence from inside a government office which was trying to catch German tax dodgers. The allegations are part of the case against an alleged Swiss spy arrested in a Frankfurt hotel on Friday, 29 April, German media report. He is suspected of monitoring German tax investigators.

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

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

  

  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).

• Tuesday, September 14th 2010 - 03:48 UTC

  Dictators’ illicit funds in Swiss banks will be returned to pillaged countries

  

  A new law on returning illicit dictator funds that are deposited in Swiss banks has been approved by the Swiss parliament.