The head of the Swiss Bankers Association, Roman Studer, has countered earlier allegations from the United States that Switzerland may be hiding Russian oligarch money. In an interview with the Neue Zürcher Zeitung (NZZ) published on Wednesday, Studer made the association's position clear: “We pursue a zero-tolerance strategy towards black money.” Combatting money laundering and terrorist financing is the top priority. Studer also said that a relatively large amount of assets was blocked in Switzerland in relation to the size of the financial centre. The political pressure from the US is unpleasant and allegations are wrong, he said. In addition, people should not have any illusions: there is a lot of political calculation and the interests of financial centres behind this. “You have to deal with it and do educational work,” said Studer. As a neutral country, Switzerland must be prepared for pressure coming from all sides. + US commission accuses Switzerland of hiding Russian...
