Swiss Government Adopts New Anti-money Laundering Rules

Switzerland's government on Wednesday adopted new rules to clamp down on money laundering as the country seeks to cast off its reputation as a haven for hidden cash. The new rules, which follow recommendations by the intergovernmental Financial Action Task Force last year, establish fresh due diligence requirements for traders when they accept cash payments of more than 100,000 Swiss francs ($99,532.20). They also change the way in which religious foundations are registered in...

© La Voix de l'Amérique - mercredi 11 novembre 2015