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20.12.2012 - In December 2012, the Federal Council adopted an overview of Switzerland's financial market policy. The strategic directions are quality, stability and integrity of the financial centre. Included are measures that should boost the competitiveness of the financial centre and combat abuses in a more targeted manner.
Regulatory and tax modifications should improve the conditions for existing business fields and make new business fields possible. Great importance is attached to the Recommendations of the Financial Action Task Force (FATF) for combating abuses in the area of money laundering and taxation. Withholding tax agreements, administrative and mutual assistance in accordance with the international standard and extensive due diligence requirements for financial service providers are also considered effective.
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