Switzerland Transnational Issues - 2005

Illicit drugs:
a major international financial center vulnerable to the layering and integration stages of money laundering; despite significant legislation and reporting requirements, secrecy rules persist and nonresidents are permitted to conduct business through offshore entities and various intermediaries; transit country for and consumer of South American cocaine and Southwest Asian heroin

NOTE: The information regarding Switzerland on this page is re-published from the 2005 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Switzerland Transnational Issues 2005 information contained here. All suggestions for corrections of any errors about Switzerland Transnational Issues 2005 should be addressed to the CIA.