Following the release of documents from Credit Suisse which allege the bank has been holding accounts owned by criminals and corrupt politicians – there are calls in the European Parliament to include Switzerland on a black list of countries that deal with dirty money.
The European People’s Party – the largest group in the parliament – is calling for a review of Swiss banking practices.
Researchers and journalists, who have been examining the leaked papers for around a year, say accounts were held by well known human rights violators.
The economic coordinator of the European People’s Party, Markus Ferber, says Credit Suisse has a habit of looking the other way.
If Switzerland was placed on the black list - it would join countries like Myanmar, North Korea and Panama.
The Swiss State Secretariat for International Financial Matters says this country meets all international standards on money laundering, terrorist financing and corruption.
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