June 9 2019
A terrorist from a South Asian country who unsuccessfully sought asylum in Switzerland, a man trying to launder money through a woman he befriended on popular dating app Tinder and a huge sum of money collected through a romance scam — the Swiss authorities seem to be cracking down big on money laundering and terror financing from abroad.
Trying hard to shed the long-held perception of being a safe haven for undisclosed funds including those related to money laundering and terror financing, Switzerland has stepped up its cooperation with other countries, including India, when it comes to cracking down on suspected illicit wealth parked in its banks.
In its latest annual report, the Money Laundering Reporting Office Switzerland (MROS) has disclosed several interesting cases where it collaborated with overseas authorities to uncover cases of money laundering and terror financing.