Money Laundering: Important new decision of the Swiss Federal Tribunal

In a new decision dated 16 March 2018 (6B_453/2017), the Swiss Federal Tribunal found that a money transfer abroad may only constitute money laundering if the financial transaction is likely to thwart forfeiture of the assets abroad.

This judgement takes a restrictive approach. In particular, the Swiss Federal Tribunal did not follow an important part of the doctrine, who considers that a transfer abroad always constitutes money laundering, even when there is still paper trail.

For a direct link to the decision: click here.

By |2018-07-13T12:21:47+00:006 April 2018|On The Go|