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Banking & Fintech
Matthew Allen  Expertise: Business, Finance, Economics. Initials: mag

How could Switzerland freeze Russian assets?

As the world’s largest offshore wealth manager, Switzerland has come under close scrutiny as it enforces European Union sanctions on Russian individuals and entities.

Could Switzerland do better than the current haul of CHF6.3 billion plus 11 properties in frozen assets? The Swiss government says it’s serious about enforcing EU sanctions and is doing all it can to track oligarch assets.

Parliamentarians, NGOs and even some members of the financial sector point to legal loopholes that allow wealthy people to effectively hide their assets.

Do you think Switzerland is acting as a responsible global citizen or that some legal reforms are due?

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