Keeping dirty money and terrorist funds away: The proposed Money Laundering Regulation of the Swiss Federal Banking Commission
Journal of Financial Regulation and Compliance
ISSN: 1358-1988
Article publication date: 1 December 2002
Abstract
On 9th July 2002, the Swiss Federal Banking Commission (SFBC) published for consultation a proposal for a new SFBC Money Laundering Regulation. The draft regulation proposes stricter rules for banks and securities dealers to prevent money laundering and financing of terrorism and details specific due diligence requirements with respect to business relationships with politically exposed persons. The draft incorporates the lessons drawn from money laundering cases in Switzerland as well as international developments.
Keywords
Citation
Hüpkes, E.H.G. (2002), "Keeping dirty money and terrorist funds away: The proposed Money Laundering Regulation of the Swiss Federal Banking Commission", Journal of Financial Regulation and Compliance, Vol. 10 No. 4, pp. 317-328. https://doi.org/10.1108/13581980210810292
Publisher
:MCB UP Ltd
Copyright © 2002, MCB UP Limited