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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: December 12, 2023

Written by FinCrimeDecember 12, 2023December 12, 2023

Swiss Banking Secrecy Is Gone. Shell Companies Might Be Next

Reported by Hugo Miller For the global wealthy with money to hide, it has long been helpful to have a Swiss company at your side. One with a nameplate, a letter-box, and no employees.  But like banking secrecy over a decade ago, the Swiss shell-company industry is now facing a fundamental threat. In its fight […]

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