Switzerland announced on Friday that it would seek other sources of funding to support the anti-money laundering unit. +Get the most important news from Switzerland in your inbox The Swiss government has tasked the Federal Department of Justice and Police with presenting concrete options by the end of 2026. Under constant pressure, MROS (the Money Laundering Reporting Office) is in a critical situation, the Federal Council explained on Friday. This assessment was echoed by the Swiss Federal Audit Office in a report published this week. It warned that insufficient resources were preventing MROS from fully fulfilling its legal mandate. + Corruption trackers flag increased global money laundering risks Overwhelmed with information This office receives reports of suspected money laundering and terrorist financing. These reports are sent to it by financial intermediaries, such as banks. However, MROS is overwhelmed with this information, and if it is unable to process it, there is a ...
