The case

Newspaper have been publishing articles on money laundering for a number of weeks. The reason for this are charges of e.g. the Federal Public Prosecutor (e.g. Homms). In the canton of Zurich alone the number of criminal proceedings concerning money laundering has doubled since 2014.
Reporting on money laundering more often than not are connected with bribery and fraud. Since 2016 qualified tax offences are considered preliminary action to money laundering, which in turn led to more ML reporting. Black money is often laundered electronically, and it’s usually not single transactions but a whole series of such transactions, which can only be recognised by viewing things comprehensively.

The manipulations are illustrated by means of case studies; the articles are well worth reading.

Source: NZZ 10 March 2019, Sunday press, highly abridged

The commentary

Thanks to professional surveillance ML reporting have been increasing rapidly. At the same time the industry is protecting itself from reputational damage and, as a consequence, makes access to international market places easier.

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