Swiss Reaction to Money Laundering Offenses Demonstrates Maturity

IMPORTANT: The full content of this page is available to premium users only.

Saturday, July 1, 1989
Author: 
Clemens J.M. Kochinke
Volume: 
5
Issue: 
7
Abstract: 
In a background of a money laundering bill and major administration and industry efforts to prevent misconduct in, and abuse of, the financial services industry, Swiss banks are now embarrassed by a newly discovered money laundering scandal.  The new case is still under investigation but there are indications that international enforcement may become a significant issue.