On the one hand, the inter-governmental Financial Action Task Force (FATF) has declared that countries whose anti-money laundering bodies refuse to exchange information with their counterparts will end up on a black list.
On the other, the Egmont Group, an informal group of 127 financial intelligence units (FIUs) from all over the world, has said it will suspend MROS’s membership unless Switzerland changes its law.
The Swiss government has recently approved a move to amend the legislation and has invited interested parties to express their views on the proposed change.
The government in any case believes that a change is in Switzerland’s interest, since the MROS refusal to provide information means that in many cases it doesn’t receive any either.
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