Swiss Government Freezing of Egyptian Assets: The Swiss Practice Regarding Assets of Politically Exposed People of Presumed Illicit Origin

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Friday, April 1, 2011
Author: 
by Sandrine Giroud
Volume: 
27
Issue: 
4
Abstract: 
On February 11, 2011, upon former Egyptian President Hosni Moubarak’s resignation, the Swiss government decided to freeze, with immediate effect, all of his assets in Switzerland, as well as assets of closely connected individuals, in order to avoid any misappropriation of Egyptian government assets...(more)...