Anti-Financial Crime & Financial Crime Compliance
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LATEST: Swiss government approves new AML plan

File photo shows the Swiss flag is pictured at the Harbour in Geneva, Switzerland, March 13, 2024. REUTERS/Denis Balibouse/File Photo

By Marleen Kaesebier

THE Swiss government has approved a plan for combating money laundering and terrorist financing that it said would strengthen controls while protecting the integrity of the country as a financial centre.

After conducting a review, the country will now focus on developing instruments for criminal prosecution and stronger supervisory authorities in the coming years, the statement said.

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