[ad_1]
Earlier this week, Switzerland announced plans to introduce sweeping banking reforms to clamp down on money laundering as the country has faced renewed calls to toughen its regulation.
The plan announced on Wednesday aims to increase transparency and close legal loopholes by creating a federal register where the ultimate ‘beneficial owners’ of trusts and companies will be declared, making it harder for criminals and others to hide assets from authorities, according to reports.
[ad_2]
Source link