50 Pics That Show How Amazing Switzerland Is

"The analysis of past cases sheds light on the role of Switzerland as an important hub where corrupt foreign elites can easily find intermediaries to create and manage companies and trusts for them," Transparency International wrote in early 2024.

"For far too long, Swiss lawyers have been able to do so without due diligence and reporting duties to detect money laundering. Last year, the Swiss government proposed new legislation to extend anti-money laundering obligations to lawyers and other professionals and, while there is much room for improvement, this is welcome."

In this particular case, this won't be the first time that the Swiss authorities have tried to reform the system.

"This is not the first attempt to bring much-needed regulation to the sector. In 2021, following lobbying by the industry, the parliament watered down amendments to the anti-money laundering legislation during their final deliberations. As a result, lawyers and notaries were able to escape regulation," Transparency International stated.

Have you ever been to Switzerland, dear Pandas? How was your experience? If you still haven’t traveled there, do you have plans to visit in the near future? What do you look forward to doing the most? We’d love to hear all of your thoughts on Swiss life, so if you have a moment, tell us all about it in the comments!