31 May 2011

2010: More Than 1,000 Cases of Money Laundering in Switzerland

According to the Swiss Federal Police Office, the suspected number of money laundering cases in 2010 increased by over 30% on the 2009 totals, while the amount of assets involved in the cases dropped by 50% to $964 million, on par with the 10-year average.

As in previous years, the banking sector recorded more suspected cases than the payment services sector, with a major bank and a foreign-controlled bank among those cases suspected of bribery and criminal mismanagement. The number of suspected terrorist-funding cases also doubled between 2009 and 2010, although eight of the thirteen SARs (Suspected Activity Report) involved only three cases.

For the original article from Swissinfo.ch, please click here.

Please also note that the photo from this article also comes from the Swissinfo article.