Number of Suspicious Activity Reports Filled in Switzerland in 2011

in Business Security

In 2011, the Money Laundering Reporting Office Switzerland (MROS) received 1,625 reports of suspicious activity reports, also known as SARs. The number of reports received in 2011 was 40 percent higher than the amount reported in 2010.

The amount of money involved  in the 2011 cases amounted to $3.1 Billion (3 Billion Swiss Francs), more than the suspected money laundering activities in 2009 and 2010 combined.

The high number of filled SARs is reportedly due to an increase in political and legal enforcement of anti-money laundering laws.

Source:¬† “Reports of money laundering up 40%,” New Europe, May 20, 2012.

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