Swiss Anti-Money Laundering Office Overwhelmed
Switzerland's Money Laundering Reporting Office is struggling to cope with a surge in reports, expecting a 40% increase in 2025.
“We’ve seen exponential growth for ten years,”
said chief Anton Brönnimann, attributing the rise to greater awareness, stronger regulatory pressure, and several high-profile scandals.
- Greater awareness in the financial sector
- Stronger pressure from regulators and prosecutors
- Money-laundering scandals leading to convictions in Switzerland
“Banks want to avoid any risk,”
Brönnimann explained, noting that technology has made reporting easier, with banks using automated tools to detect irregularities.
The office's small team of around 55 employees is no longer able to handle the volume, with Brönnimann stating
“We’ve reached our personnel limits.”
Author's summary: Switzerland's anti-money laundering office is overwhelmed by a surge in reports.
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