A right-wing campaign to cap Switzerland’s population is “dangerous” and threatens businesses’ ability to attract top talent, the country’s finance chief says https://t.co/yypa1K4Wx7 via @bpolitics @bbenrath #Switzerland
INTERVIEW🎙 #Switzerland’s parliament is unlikely to adopt rules forcing lawyers to fight money laundering as many lawmakers are themselves attorneys, the country’s finance minister said https://t.co/rzNd8XgtaC via @economics @bbenrath
Swiss finance minister says stricter bank rules needed for trust https://t.co/a977d7J2Hp via @bbenrath @jackie_deals https://t.co/xGORrEy2Lv

The U.S. government has imposed sanctions on two Swiss lawyers for their involvement in facilitating illegal money flows from Russia through shell companies. This action highlights ongoing concerns regarding Russia's efforts to evade sanctions and launder money. The sanctions were confirmed by various sources, emphasizing the urgency of addressing money laundering linked to Russia. The U.S. has prioritized tackling these financial crimes as part of its broader strategy to counteract Russian sanctions evasion. In related discussions, Swiss Finance Minister Karin Keller-Sutter noted the necessity for stricter banking regulations and mentioned that UBS Group's capital requirements would depend on its resolvability. However, she indicated that Swiss lawyers are not currently obligated to report suspicious financial activities, which raises questions about the effectiveness of existing regulations in combating money laundering.
