Africa: Switzerland Needs to Do More to Keep 'Dirty Money' At Bay, Urges UN Expert

4 October 2017

Highlighting the problems posed by illicit financial flows globally, including undermining rule of law and human rights, a United Nations human rights expert has called on Switzerland to ensure that so called dirty money - which stems from tax evasion and corruption - does not enter its financial market.

"Despite significant efforts in adopting legislation and improving procedures to detect suspicious transactions, the risk that the Swiss financial market is used for money laundering remains," said Juan Pablo Bohoslavsky, the UN Independent Expert on foreign debt and human rights, in a news release issued by the Office of the High Commissioner for Human Rights (OHCHR).

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.