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Ill-gotten fortunes in Switzerland: $2 billion has been repatriated, reveals Swiss ambassador to Côte d'Ivoire

23/07/2020
Source : news.abidjan.net
Categories: General Information

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2 billion dollars (about 1000 billion FCFA), this is the total amount of ill-gotten fortunes repatriated by Switzerland, said the ambassador of Switzerland, Her Excellency Mrs. Anne Lugon-Moulin, during an interview granted to Abidjan.net this Wednesday, July 22, 2020.

During this interview, the diplomat spoke about the negative prejudices of Switzerland as a place of refuge for ill-gotten fortunes due to its financial centre. According to switzerland's representative in Côte d'Ivoire, her country is trying to restore its image: "We have had problems in the past and have recognized them. We have aligned all our standards in accordance with the Financial Action Task Force (FATF)," said Anne Lugon-Moulin while adding that Switzerland is the country that has repatriated the most funds in the last 20 years." among the ill-gotten fortunes repatriated the best known is that of Sani Abacha in Nigeria. pruned Anne Lugon-Moulin.

The ambassador recalled that, in her country Switzerland, the banking and insurance sector represents only 9% of the economy and maximum 5% of GDP. However, she assured that following the problems caused by its banking system, strict reforms and regulations have been adopted to prevent Switzerland from being presented as "a tax haven".

Continuing, she argued that Switzerland has revised its legislation, erected monitoring structures in the government to supervise banks and aligned its standards with its neighbors.

On the occasion of this meeting, the Ambassador of Switzerland, Her Excellency Mrs. Anne Lugon-Moulin highlighted the excellent cooperation between her country and Côte d'Ivoire.

 

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