Hiding money through relatives
What should be researched?
Since 2019, Switzerland has made it more difficult for foreigners to hide money in Swiss bank accounts. But this doesn't apply to Swiss citizens. Fortunately for Oligarchs, dictators, and all sorts of dodgy individuals, many of them already have relatives in Switzerland who have obtained Swiss citizenship. Their Swiss assets and bank accounts are very often held under the name of their relatives. A handy loophole for which Switzerland is not the only guilty party in Europe.
Who is affected?
Banks and government officials turn a blind eye. Oligarchs, money-launderers, and tax-dodging individuals profit. Foreign countries lose out
Why should this story be researched?
Dirty money is hidden through this system.
Where does this story take place?