Tag: Switzerland

Switzerland is advancing new regulations to combat money laundering by stepping up oversight of legal entities

Switzerland is advancing new regulations to combat money laundering by stepping up oversight of legal entities

The finance minister has introduced reforms necessitating the disclosure of genuine trust and company owners, aligning with other European nations. This step aims to address the legal loopholes exploited by international criminals within the Swiss system, which has traditionally been opaque. Switzerland, despite its size, handles approximately 2.4 trillion dollars ...