Proposed Measures to Tackle Money Laundering in Switzerland

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Discussion on Switzerland's proposed package of measures, including a national register of beneficial owners and stricter anti-money laundering requirements for advisors and accountants, to address money laundering and illicit funds in the country.

UBS has reported the biggest-ever quarterly profit for a bank, eurozone core inflation has edged down, and Switzerland has proposed sweeping measures to clamp down on money laundering.

Mentioned in this podcast:

UBS breaks record with $29bn profit after Credit Suisse deal

‘Deal of the century’ — How UBS’s rescue of Credit Suisse proved a boon

Eurozone core inflation edges down ahead of crunch ECB decision

Switzerland unveils money laundering clampdown

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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