Swiss lawmakers push back on anti-money laundering law over competitiveness concerns

Swiss lawmakers push back on anti-money laundering law over competitiveness concerns

Swiss lawmakers are seeking to water down government proposals to help prevent financial crime, saying the country needs to stay competitive in global cross-border wealth management where rival centres - including Singapore and the UAE - are gaining ground.

Swiss Lawmakers Push Back on Anti-Money Laundering to Boost Competitiveness

Swiss lawmakers are advocating to reduce stringent anti-money laundering measures to maintain competitiveness in wealth management as rival centers like Singapore gain traction. Despite government efforts to align with international standards, lawmakers argue for less regulation to avoid losing business to other financial hubs.

Swiss lawmakers push back on anti-money laundering law over competitiveness concerns - Finnoexpert

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