Assets obtained unlawfully by politically exposed persons (PEPs)

17.12.2018 - Switzerland has effective laws to protect its financial centre from unlawfully obtained assets. Such assets can be returned to the rightful owners by means of mutual assistance. In recent years, this system has enabled Switzerland to return almost CHF 2 billion, i.e. more than any other financial centre. Preventive measures also play a major role.

However, mutual assistance cannot always be provided, especially when the affected countries do not cooperate with Switzerland or are not in a position to follow due process of law. Such cases are covered by a new law which entered into force at the start of February 2011. Under this law, Switzerland can return assets to the countries of origin even without mutual assistance.

Fact sheet

Further information


Documentation

Related dossier

https://www.efd.admin.ch/content/efd/en/home/themen/wirtschaft--waehrung--finanzplatz/finanzmarktpolitik/assets-obtained-unlawfully-by-politically-exposed-persons--peps-.html