Suspicious financial transactions hit record
The number of suspected cases of money laundering reached an all-time high last year affecting assets worth a total of SFr2.23 billion ($2.1 billion).
The Federal Police Office said 896 incidents were reported in 2009, more than five per cent up on the previous year.
Two out of three of all reports were made by the banking sector, followed by cases involving the payment service sector.
Seven suspected cases concerned terrorism financing to the tune of SFr9,500.
Records on suspicious transactions have been kept since 1998.
The amended money laundering act, which came into force last year, made reporting a suspicious financial transaction mandatory even in cases where contract negotiations have been broken off.
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