Swiss authorities approve the National Strategy on Combating ML and TF to enhance oversight, target illicit financial flows, seize criminal assets, tackle virtual currency threats, and boost global cooperation

The strategy strengthens prevention and supervision through risk-based oversight, enhanced transparency, and a beneficial ownership register, improves investigation, prosecution, and punishment by boosting financial intelligence and law enforcement coordination, and enhances asset recovery to seize and return criminal proceeds. It also targets terrorist financing, addresses emerging threats like virtual assets, and emphasizes international and private-sector cooperation to ensure a coordinated, modern approach to evolving financial crime risks…