New draft Act Law of Swiss Government of Assets and Funds

Africa: Swiss Govt Plans New Law to Freeze, Return Stolen Funds

By Isaac Aimurie, 23 May 2013

Politicians and military dictators who before now found a safe haven in Switzerland for their stolen funds may start looking elsewhere for such loots as the Swiss Government yesterday proposed a law to block such transactions and return the looted fund to its country of origin. Described as the first of its kind by the Swiss Foreign Ministry, the new law will “make it easier to freeze assets stolen and salted away by foreign leaders and return them to their countries of origin” Reuters reported.