Cleaning up money laundering.

Fonction NEWS

To root out illegal cash transfers, the Swiss government filed increasing numbers of complaints and banned three financial intermediaries last year.

The government has introduced stricter supervision of money managers to combat money laundering, which involves concealing the source or use of income derived from criminal activity to make it appear legitimate. The Money Laundering Control Authority filed 11 complaints last year, up from five in 2004, says the organisational website.


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