WASHINGTON, Feb 27 (Reuters) – The U.S. Treasury said on Friday it would send a senior Treasury official to Switzerland to discuss deeper U.S.-Swiss cooperation to fight illicit finance after Swiss regulators moved to shut down a small Swiss private bank accused of money-laundering violations and breaches of sanctions on Russia and Iran. A Treasury […]
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US Treasury official to meet with Swiss regulators, bankers on illicit finance next week
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WASHINGTON, Feb 27 (Reuters) – The U.S. Treasury said on Friday it would send a senior Treasury official to Switzerland to discuss deeper U.S.-Swiss cooperation to fight illicit finance after Swiss regulators moved to shut down a small Swiss private bank accused of money-laundering violations and breaches of sanctions on Russia and Iran.
A Treasury spokesperson said the unidentified official would meet on Monday and Tuesday with Swiss government and private sector officials to discuss priorities for U.S. and international sanctions and efforts to combat illicit finance threats.
(Reporting by David Lawder; Editing by Chris Reese)