OCCRP reports the Council of Europe has criticised Switzerland for mishandling $230M linked to the Magnitsky fraud and ML case, citing weak asset safeguarding and recovery

The resolution, passed by a 43–7 vote, urges Switzerland to refreeze and recover assets linked to individuals implicated in the long-running case and to correct earlier legal and procedural shortcomings after its money laundering investigation was closed and funds were released. It also follows a Swiss Supreme Court ruling questioning earlier confiscation methods and highlights concerns that millions were transferred abroad despite frozen assets, raising broader questions about enforcement effectiveness and compliance with international anti–money laundering standards…