Anti Money Laundering Blog

Swiss Finance Ministry is going to suggest several new measures for Switzerland’s anti-money laundering regulation for considering at a month- long public hearing.

The above-mentioned anti-money laundering measures are the finance ministry’s response to pressure from those banking lobby groups who demand changes to the Financial Action Task Force 40 anti-money laundering regulations.

Particularly, the finance ministry suggests that people carrying over CHF 25 000 (USD 20 000) across the country’s borders provide information to authorities when asked. However, the ministry proposes that, unlike within the European Union, they are not obliged to disclose the cash itself.

This entry was posted on Friday, February 9th, 2007 at 9:15 am and is filed under Anti-Money Laundering. General Information, Anti-Money-Laundering Organizations, Money Laundering cases. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.