BERNE, April 28 (Reuters) – Switzerland on Wednesday unveiled a bill aimed at speeding up the return of assets locked in Swiss accounts to the countries they were looted from, amending legislation after a series of embarrassments.
BERNE, April 28 (Reuters) – Switzerland on Wednesday unveiled a bill aimed at speeding up the return of assets locked in Swiss accounts to the countries they were looted from, amending legislation after a series of embarrassments.
A loophole in the system meant the Swiss repeatedly failed to confiscate and hand over to Haiti, one of the world’s poorest countries which suffered a devastating earthquake in January, nearly $6 million belonging to former ruler “Baby Doc” Duvalier held in Switzerland.
Under the old rules, the Swiss cannot return assets unless the country of origin files a formal request for assistance in criminal matters.
Related
To read the full story, visit reuters.com
Content from our partners
